National Industrialization Co.
TTADAWUL:20607.31
SAR
-0.25
(-3.31%)
ISIN
SA0007879170
Return %
Stock
S&P 500
1Y
-35.02
14.20
3Y
-36.32
81.12
5Y
-70.69
68.34
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
SAR
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Fahad bin Abdul Rahman Al-Mishal Al Buainain
- Full Time Employees
- 1,463
- Sector
- Producer manufacturing
- Industry
- Industrial conglomerates
- Address
- The Business Gate, Building No. C3 Riyadh Riyadh Province Saudi Arabia 11496
- IPO Date
- Jan 10, 1999
- Website
- tasnee.com
- Similar Companies
- Business
- National Industrialization Company (Tasnee) is a Saudi joint stock company listed on Tadawul (2060.SR) that manufactures and markets petrochemicals, chemicals, plastics, and advanced metals; the company operates through segments including petrochemicals featuring polyolefins such as high- and low-density polyethylene, polyethylene and polypropylene compounds; chemicals encompassing acetic acid, butanol, butyl acrylate, glacial acrylic acid, iso-butanol, normal butanol, titanium dioxide, titanium sponge and by-products; downstream products comprising BOPP films, car batteries, HDPE pipes, plastic pallets, agrifilm, road barriers, water tanks, plastic sheets, geomembrane liners, battery cases, plastic paint pails, reprocessed resins, and lead; as well as advanced metals supporting the titanium value chain for aviation industries, alongside industrial services like technical inspection, HSE, auditing, certification, management training, calibration, food testing, and product certification. Founded in 1985 and headquartered in Riyadh at The Business Gate with production facilities in Jubail Industrial City and other Saudi locations, Tasnee serves target markets in the Kingdom of Saudi Arabia, the rest of the Middle East, Asia, Africa, Europe, and internationally, focusing on petrochemical, plastics, packaging, agriculture, and strategic metals sectors. Recent developments include receipt of Ministry of Energy approval in February 2025 for essential feedstock allocation enabling construction of a world-scale Jubail petrochemical complex to produce 3.3 million metric tons annually of HDPE, LLDPE, MTBE, phthalate-free plasticizers, polyether polyols, and EO/PO copolymers by Q4 2030; award of a $500 million EPC contract in 2023 to SGC-eTEC for 18% ethylene cracker expansion at SEPC joint venture, slated for completion in H1 2026 to boost olefins output and add SAR 200 million average annual profits; board changes in July 2025 appointing new Chairman and Vice-Chairman post Extraordinary General Assembly; leadership adjustments including a new CFO; and financial shifts to SAR 896 million net profit in Q1 2025 from debt restructuring of acrylic operations alongside Q3 2024 profits of SAR 89 million.