VOL. XXXIX
No. 36
6-June-1996
SAUDI ARABIA
NCC Announces $14Mn Profit in 1995
The National Chemical Carriers (NCC) - owned 80% by Saudi Arabia's National Shipping Company (NSC) and 20% by the Saudi Basic Industries Corporation (SABIC) - has announced a net profit of SR50.87mn ($13.6mn) for 1995. In a statement on 26 May, the company said that shareholders' equity at end-1995 rose to SR571mn ($152mn) from SR535mn ($143mn) the previous year. According to NCC's General Manager, Mr. 'Abd...
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