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.
Saudi Arabia's National Industrialization Company (Tasnee) reported a 7.6 per cent rise in third-quarter net profit on Monday.
Tasnee made a net profit of SR243.7 million ($65 million) in the three months ending September 30,
Saudi Arabia's National Industrialization Company (Tasnee) has signed a sharia-compliant loan facility worth SR4 billion ($1.06 billion) with seven Saudi banks and Emirates NBD.
The Saudi banks which contri
Tasnee, a top industrial conglomerate in Saudi Arabia, and Swiss-based Clariant, a world leader in specialty chemicals, have signed an agreement to set up a masterbatches joint venture in the kingdom, a report said.
Tasnee will ac
Saudi Arabia's National Industrialization Co (Tasnee) has priced a 2 billion riyals ($533.3 million) Islamic bond, or sukuk, the first time the petrochemicals firm has tapped the bond markets.
The privately-placed, seven-year transaction w
National Industrialization Co (Tasnee) and Sahara Petrochemical have agreed a 5.09 billion riyal ($1.36 billion) loan with nine local banks to fund development of three new factories.
The 16-year syndicated loan will finance investment in
Saudi Arabia-based National Industrialization Company (Tasnee), a leading provider of industrial services, has achieved ISO 27001 and ISO 20000 certifications for information security and IT service management.
I(TS)2, another Saudi-based
The petrochemical sector in the Middle East region has witnessed a significant growth mainly due to the region’s infrastructure and feedstock advantage, according to an industry expert.
Two of the key factors ensuring the consistent g
Saudi Industrial Group Tasnee plans to build an integrated smelter for copper, lead and zinc in the kingdom as it looks to diversify away from petrochemicals, a company executive said.
The plant's construction in the Red Sea port of Ya
Top oil exporter Saudi Arabia has received two bids from four Saudi-owned firms to build, own and operate a new export-oriented refinery in Jizan, industry sources said.
Earlier this month, Saudi oil minister Ali al-Naimi said he expected