Monday 29 December 2014
 
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Tasnee

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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Tasnee Q3 profit rises 7.6pc

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,

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Saudi Tasnee gets $1.06bn Islamic loan

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

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Tasnee, Clariant to launch masterbatch JV

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

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Tasnee prices $533m debut sukuk

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

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Tasnee gets $1.36bn loan for new factories

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

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Tasnee wins 2 ISO recognitions for IT

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

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Gulf petchem sector 'sees solid growth'

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

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Tasnee to build metals smelter in Yanbu

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

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Saudi Arabia gets two bids for Jizan refinery

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

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