Middle East Economic Survey
VOL. LIII
No 30
26-Jul-2010
SAUDI ARABIA
SABIC Reports Sharp Rise In Income In 1H10
Saudi Basic Industries Corporation (SABIC) has released consolidated results for the first six months of 2010, reporting a net income of SR10.45bn ($2.79bn), a 1,159% increase over the figure for last year SR0.83bn ($0.22bn). The company’s gross operating profit rose by 144% compared with the first six months of 2009, from SR9.84bn ($2.62bn) to SR24.05bn...
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