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Tasnee prices $533m debut sukukSaudi 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 More… |
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Tasnee gets $1.36bn loan for new factoriesNational 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 More… |
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Tasnee wins 2 ISO recognitions for ITSaudi 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 More… |
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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 More… |
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Tasnee to build metals smelter in YanbuSaudi 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 More… |
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Saudi Arabia gets two bids for Jizan refineryTop 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 More… |
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Saudi's Tasnee sells surplus olefinsSaudi industrial group Tasnee has started selling surplus olefins from its Saudi Ethylene and Polyethlene Company (SEPC) into the domestic market, a company spokesman said. The plant, which is a joint-venture between Tasnee and Sahara Petr More… |
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US group commissions Tasnee plantUS-based H2Gen Innovations said it has completed the commissioning of a 1.5 million scf/day hydrogen gas purification plant for Saudi Polyolefins Company (SPC) at its Tasnee Polyolefins Complex in Al Jubail Industrial City. H2Gen is a More… |
Saudi's Tasnee eyes acquisitionsSaudi industrial group Tasnee is looking at acquisition opportunities at home and abroad to benefit from lower asset prices in the wake of a global financial crisis, an executive said on Wednesday. "We are looking. We have our own plans of More… |
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Saudi firm to buy US titanium producerSaudi industrial group Tasnee said on Wednesday its Cristal unit had won US regulatory approval for a takeover of International Titanium Powder (ITP) for $110 million. A statement on the bourse website said the deal would be completed quic More… |
