Fourth-quarter profit fell to SR177 million ($47.2 million) from SR233 million, the company said in a statement on the Saudi bourse website. Full-year 2007 profit, however, rose 7.1 per cent to SR1.23 billion as the company included proceeds from a stake sale in Egyptian Fertilizers Co.Savola in June sold a 30 per cent stake in Egyptian Fertilisers to UAE-based Abraaj Capital for SAR1.3 billion. The company made a profit of more than SR700 million from the sale, said Savola’s managing director Sami Baroum in the statement.
The Pope is said to be recovering from a lung inflammation
The all-rounder hammered an unbeaten 104 off 48 balls to secure a five-wicket victory for Australia