NO. 19


Saudi Arabia

SABIC Consolidates SAFCO And Ibn Al-Baytar Operations

The Saudi Arabian Fertilizer Company (SAFCO) - owned 41% by the Saudi BasicIndustries Corporation (SABIC), 49% by Saudi private interests and 10% bySAFCO's employees - and the National Chemical Fertilizer Company (Ibn al-Baytar)- owned 50% each by SABIC and SAFCO - have signed "principles of agreementto consolidate their operational and management functions," SABIC announcedon 28 January. The...