NO. 43


Saudi Arabia

SABIC's First Half Income Surges 57%

The Saudi Basic Industries Corporation (SABIC) on 17 July announced that itsfirst half 1994 net income rose to SR1.35bn ($360mn) from SR859.9mn ($229mn) inthe first half of 1993. SABIC's Vice Chairman and Managing Director, Mr. Ibrahimibn Salamah, attributed the sharp increase in income to a combination offactors, including a rise in production and marketing and the gradual recoveryin the global market for SABIC's...