1999 News Story

Saudi industry showing growth

Saudi Basic Industries Corporation (SABIC) yesterday reported a net profit of SR 1.02

billion (U.S. $ 0.27 billion) in the first nine months of 1999. Profits during the third

quarter had improved over those of the second quarter, since prices for key SABIC products

rose with the recovery of Asian and other markets and the improvement in oil prices.
Meanwhile, the seventh industrial conference of the Gulf Cooperation Council (GCC) began

today in Doha, Qatar, under the slogan "National Manpower and Its Role in Industrial