Tuesday 27 January 2015
 
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cristal

Tasnee signs $319m loan to buy more stake in Cristal

Saudi Arabia's National Industrialisation Co (Tasnee) signed a SR1.2 billion ($319.4 million) Islamic loan it will use to part-fund buying a further stake in its subsidiary Cristal, the industrial manufacturer said. The five-y

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Tasnee Q4 net profit drops 46.5pc

Saudi Arabia's National Industrialisation Company (Tasnee) said on Tuesday its fourth-quarter net profit dropped 46.5 per cent on lower petrochemicals prices. It also attributed the drop to lower prices of titanium dioxide and

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Tasnee signs $480m deal for Cristal unit stake

Saudi Arabia's National Industrialisation Company (Tasnee) has completed a SR1.8 billion ($480 million) deal to raise its majority stake in its Cristal subsidiary by a further 13 percentage points, it said in a statement on Sunday.

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Cristal to launch new hotels in Middle East and Africa

Abu Dhabi-based Cristal Hotel group is building three new properties in the northern Iraqi town of Erbil and will open a hotel in Saudi Arabia next year as part of an ongoing expansion programme in the Middle East and Africa (MEA). The

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Cristal Abu Dhabi offers special tourist package

Cristal Hotel Abu Dhabi, a leading luxury hotel in the UAE capital, is offering a special package for the tourist season in Abu Dhabi. This offer includes two free tickets to either Ferrari World or Yas Water World, located at the manma

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Tasnee to up stake in Cristal; $480m deal likely

Saudi Arabia's National Industrialization Company (Tasnee) plans to pay SR1.8 billion ($480 million) to raise its majority stake in its Cristal subsidiary by a further 13 per cent, the company said. Tasnee has submitted an off

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Leo Burnett wins big at Mena Cristal awards

The Leo Burnett Mena network notched a set of big wins this winter at the Mena Cristal in Lebanon. Mena Cristal rewards the best advertising creations in the region. After Leo Burnett Worldwide was named Global Netw

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SMG wins big at Cristal Awards

Starcom Mediavest Group (SMG), one of the largest brand communications groups in the region, has won 4 Cristal Awards at this year’s ceremony, becoming the most awarded media agency of the year. In a phenomenal start to 2012, SMG has also

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SMG wins big at Cristal Awards

Starcom Mediavest Group (SMG), one of the largest brand communications groups in the region, has won 4 Cristal Awards at this year’s ceremony, becoming the most awarded media agency of the year. In a phenomenal start to 2012, SMG has also

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Saudi to see ‘13m tourist arrivals this year’

Business intelligence firm Business Monitor International (BMI) has forecasted that tourist arrivals in Saudi Arabia will grow five per cent year-on-year to 12.91 million in 2010. Influx is expected to grow further by an average of 6.5 per

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