2007-10-23 - AME Info | Saudi Arabia | Latest News - Saudi Basic Industries (Sabic), the world's largest chemical company by market value, posted its fifth consecutive record profit, reported Reuters. Net income in the three months to September 30 surged 37% to 7.4 billion riyals ($1.97bn), beating forecasts. The quarter included earnings of the plastics unit of General Electric, which Sabic agreed in May to buy for $11.6bn.  

View full article...