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...
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