Middle East Economic Survey
VOL. LIII
No 29
19-Jul-2010
SAUDI ARABIA
SABIC Subsidiaries Post Year-on-Year Profit Gains
Two subsidiaries of Saudi Basic Industries Corporation (SABIC) have announced preliminary financial results for the first six months of 2010, with both showing marked improvements in realized net profit earnings compared to the same period last year. Saudi Arabian Fertilizer Company (SAFCO) saw its net profit over the six month period amount to SR1.605bn ($428mn), a 60% increase...
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