Riyadh-based Saudi Basic Industries Corporation (SABIC) has reported a 113% jump in its 2004 net profit to a record SR 14.247 billion (US $3.8 billion). The fourth quarter profit for 2004 was SR 5.954 billion (US $1.59 billion). In a statement, vice chairman and CEO Mohamed Al-Mady, said: “This is the highest ever profit…
SAUDI ARABIA: SABIC announces “highest ever profit” of US$3.8 billion
Posted on January 26, 2005 by EnergyAsia