Saud bin Abdullah bin Thenayan Al-Saud, Chairman of the Board SABIC has affirmed that SABIC achieved another year of strong performance. "The global economic climate remained generally favorable; all operating units continued to contribute effectively to the pursuit of our long term strategy; and with global economic prospects generally viewed as positive, future sustainable success for SABIC seems assured, " the Company's Chairman said in a statement published in the latest SABIC Report and Accounts for the year ending 2006. In 2006, SABIC reported a record net income of SR 20.3 billion compared to SR 19.2 billion in 2005, an increase of 6%. This is our highest income since inception. "I am proud to cite some more impressive statistics for 2006. Our total operating profits amounted to SR 35.3 billion compared to SR 33.1 billion in 2005, an increase of 7%. Total production of SABIC'smanufacturing complexes reached 49.1million tons compared to 46.7million tons in 2005, an increase of 5%," he said. --MORE
