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![]() ![]() ![]() Saudi Arabian Basic Industries Corporation (4 of 5)
In 1992, SABIC had profits of just under SR 2 billion. In 2000, SABIC posted a net profit of SR 3.63 billion, a dramatic increase of 113% on the 1999 figure of SR 1.707 billion. SABIC also announced record sales revenues of SR 24.6 billion in 2000, a very substantial increase on the previous year’s SR 19.18 billion. In 2002, SABIC's net profit stood at SR2.8 billion, a 60% increase on 2001. Sales revenues stood at SR 34 billion in 2002, a very substantial increase on the previous year. These figures attest to the remarkable achievements of an organization that holds a central position in the Kingdom’s program of industrial diversification.
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