VOL. XXXIX

No. 23

4-March-1996

SAUDI ARABIA

SAFCO Returns Record Profit Of $162mn In 1995

The Saudi Arabian Fertilizer Company (SAFCO) in 1995 reported a record profit of SR607mn ($163mn), almost double the figure of SR312.4mn ($83mn) in 1994. Meeting on 26 February, SAFCO's Board decided to propose to the company's general assembly the distribution to shareholders of a dividend of SR50 ($13) per share and the doubling of the capital to SR1bn ($267mn) from the current SR500mn ($133mn)...