1997 News Story

SABIC reports profit for 1996

The Saudi Arabian Basic Industries Corporation (SABIC) reports a profit for 1996 exceeding SR 4.4 billion (U.S. $ 1.2 billion), of which SR 2.5 billion (U.S. $ 0.7 billion) have been distributed among the shareholders.   The Corporation reached its highest ever production and marketing levels in 1996, with the output of SABIC's industrial complexes totaling 23 million tons of various products.