NO. 30


Saudi Arabia

SABIC's First Quarter Profit Up 185%

The Saudi Basic Industries Corporation (SABIC) announced on 19 April that itsnet profit in the first quarter of 1995 rose to SR1.63bn ($435mn) from SR573mn($153mn) in the corresponding period of 1994, according to the corporation'sunaudited results. The increase in profit was mainly due to higher sales ofSR4.83bn ($1.29bn) in the first quarter of 1995, compared to SR2,88bn ($768mn)in the corresponding period of...