VOL. XXXVII
NO. 23
7-MARCH-1994
Saudi Arabia
SABIC's 1993 Income Rises 8%
The Saudi Basic Industries Corporation (SABIC) on 26 February announced thatits net income in 1993 rose 7.8% to SR2.117bn ($564.4mn) from SR1.964bn($523.8mn) in 1992. In his address to the SABIC board meeting, the SaudiMinister of Industry and Electricity and SABIC's Chairman, Mr. 'Abd al-'Aziz al-Zamil,said that the "downturn in the global petrochemical market had continuedduring the year and therefore the increase in...
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