NO. 43


Saudi Arabia

SABIC's First Half Income Surges 148%

The Saudi Basic Industries Corporation (SABIC) on 17 July announced that itsfirst half 1995 net income rose 148% to SR3.35bn ($893mn) from SR1.35bn ($360mn)in the corresponding period of 1994. Sales revenue increased 70% to SR10.2bn($2.72bn) in the first half of 1995 from SR6bn ($1.6bn) in the first half of1994. Commenting on the results, SABIC's Vice Chairman and Managing Director,Mr. Ibrahim ibn Salamah, said...