VOL. XXXIX

No. 43

22-July-1996

SAUDI ARABIA

SAFCO Reports 27% Increase In First Half 1996 Profits

The Saudi Arabian Fertilizers Company (SAFCO) has reported a 26.6% increase in net profits to SR338.2mn ($90.2mn) in the first half of 1996 from SR267.2mn ($71.3mn) in the corresponding period of 1995. The rise in profits was due to increased production and strong demand for fertilizers in Saudi Arabia and overseas markets, SABIC's Vice Chairman and Managing Director, Mr. Ibrahim ibn...