Monday 27 April 2015
 
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Tasnee

Asian contractors win $290m Saudi Tasnee project

Saudi Arabia's National Industrialisation Company (Tasnee) said it has chosen Taiwan's CTCI and Japan's Chiyoda Corp to build a titanium sponge plant for its majority-owned Cristal subsidiary. The two contractors are e

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Asian contractors win $290m Saudi Tasnee project

Saudi Arabia's National Industrialisation Company (Tasnee) said it has chosen Taiwan's CTCI and Japan's Chiyoda Corp to build a titanium sponge plant for its majority-owned Cristal subsidiary. The two contractors are e

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Tasnee to cut costs, revise contracts after Q1 loss

Saudi Arabia's National Industrialization Company (Tasnee) said on Monday it would cut costs and revise foreign exchange and derivatives contracts at a subsidiary after swinging to a first-quarter loss. The diversified industr

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Saudi's Tasnee swings to Q1 net loss

Saudi Arabia's National Industrialization Company (Tasnee) said it swung to a first-quarter net loss on Monday that the petrochemical producer blamed on lower sales prices and adverse foreign exchanges hedging contracts at a subsidiary.

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Saudi's Tasnee swings to Q1 net loss

Saudi Arabia's National Industrialization Company (Tasnee) said it swung to a first-quarter net loss on Monday that the petrochemical producer blamed on lower sales prices and adverse foreign exchanges hedging contracts at a subsidiary.

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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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Oil price slump makes 2015 outlook unclear, says Tasnee

The new chief executive of Saudi Arabia's National Industrialisation Co (Tasnee) said on Tuesday that slumping oil and petrochemical prices were creating a difficult near-term outlook for the industry. Mutlaq Al Morished spoke

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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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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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