The Saudi Basic Industries Company (SABIC) posted a net operating income of SR 1.8 billion ($480 million) last year, reported Al-Hayat . This figure implies a one percent decrease compared with the previous year of 2000. The Saudi Minister of Industry and Electricity and the Chairman of the Board of SABIC, Hashem Yamani, stated that the company recorded peak records in terms of production and marketing last year, which helped SABIC to overcome the negative impacts of the global recession. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
