NO. 5


Saudi Arabia

SABIC Reports Steady Third Quarter Profits

The Saudi Basic Industries Corporation (SABIC) in the first nine months of1991 reported net profits of SR1,952mn ($520mn), unchanged from SR1,959mn($522mn) in the corresponding period of 1990. Commenting on the results,SABIC's Vice Chairman and Chief Executive Officer, Mr. Ibrahim ibn Salamah saidthat the figures are good given the lack of stability in the world economy whichhas led to declining profits...