VOL. XL 

No. 14

7-April-1997

SAUDI ARABIA

SAFCO To Distribute $107Mn In Dividends For 1996

The Saudi Arabian Fertilizer Company (SAFCO), which returned a record profit of SR613mn ($163mn) in 1996, has decided to distribute SR400mn ($107mn) in dividends for 1996 at a rate of SR40 ($11) per share. In 1995 the company registered a profit of SR607mn ($162mn). SAFCO in February awarded Tecnimont (a unit of Italy's Montedison) a contract for the construction of two world-scale plants...