NO. 18


Saudi Arabia

SAFCO Reports Strong Profit Growth In 1994

The Saudi Arabian Fertilizer Company (SAFCO) in 1994 reported a profit ofSR318mn ($85mn), a more than fivefold increase over the 1993 figure of SR49mn($13mn), according to the company's 1994 results. The strong performance lastyear reverses the trend of falling profits in 1992 and 1993 (MEES, 17 January1994). SAFCO has attributed the increase in profitability last year to higherinternational fertilizer...