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SABIC announces SR 20.02 Billion net profit for first nine months of 2007 TWO Riyadh
Al Published in Saudi Press Agency on 23 - 10 - 2007

Mady said: "Higher profits in the first nine months of 2007 reflect the improvement in the prices of most key products in line with the increase of productivity as a result of the added capacities from a number of expansion projects going on-stream.
These included the ethylene glycol plant at Jubail United Petrochemical company (UNITED), the reinforced steel plant at the Saudi Iron & Steel Company (HADEED), and urea and ammonia plants at Saudi Arabian Fertilizer Company (SAFCO. In addition, we added production from the SABIC UK Company following the acquisition of Huntman's European base chemicals and polymers business in the United Kingdom at the end of 2006.”
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