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Saudi giant SABIC posts H1 profits up 61% - ASHARQ AL-AWSAT English Archive
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RIYADH, (AFP) — Saudi petrochemicals giant SABIC on Sunday announced first half profits of 8.1 billion riyals ($2.16 billion), a 61 percent rise compared to the same period of 2010.

Saudi Basic Industries Corporation, which produces fertilisers, methanol and plastics, attributed the jump in earnings to increased production and better prices in the world market.

SABIC is the largest publicly traded firm in the Gulf and one of the world’s major petrochemicals groups.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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