National Industrialization Co (2060)

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News

18 August 10:10 AM Tasnee appoints Al Meshal as new CEO

Riyadh – Mubasher: The board of National Industrialization Company (Tasnee) has approved the appointment of Fahad bin Abdulrahman Al Meshal as the company’s new CEO, effective on 1 October 2026. The decision, finalized on 17 August 2026, follows …

Board of Directors

9 August 08:54 AM Tasnee suffers net losses worth SAR 889m in H1-26

Riyadh – Mubasher: National Industrialization Company (Tasnee) incurred net losses totaling SAR 889.10 million in the first half (H1) of 2026, compared to a net profit of SAR 830 million a year earlier. The first-half revenue declined by 28.86% …

Company News

14 July 10:06 AM Tasnee obtains regulatory nod for SAR 700m subsidiary sale

Riyadh – Mubasher: National Industrialization Company (Tasnee) has received a no-objection certificate from the General Authority for Competition regarding the sale of its entire stake in Al Rowad National Plastic Manufacturing Company. The …

Management Decisions

13 July 07:13 PM Tasnee witnesses special deal at SAR 9.25/shr

Riyadh – Mubasher: National Industrialization Company (Tasnee) registered a special deal executed on 13 July 2026 for a total value of SAR 4.23 million. The transaction was executed on 457,690 shares at SAR 9.25 per share, according to a bourse …

Company News

1 July 09:27 AM Tasnee begins trial production at ethylene cracker expansion project

Riyadh – Mubasher: National Industrialization Company (Tasnee) has announced a major milestone in its industrial expansion strategy with the completion of construction works at its ethylene cracker expansion project. In a regulatory filing …

Company News

7 June 09:27 AM Tasnee concludes maintenance works at JV plant

Riyadh – Mubasher: National Industrialization Company (Tasnee) has completed the scheduled periodic maintenance for the ethylene and polyethylene plant, which is one of the joint ventures (JVs). The project will reflect on the company’s …

Company News

11 May 06:38 PM Tasnee shifts to SAR 341.5m losses in Q1-26

Riyadh – Mubasher: National Industrialization Company (Tasnee) turned to net losses of SAR 341.30 million in the first quarter (Q1) of 2026, compared to net profits of SAR 895.80 million in Q1-25. The revenues fell by 23.63% year-on-year (YoY) to …

Company News

15 March 10:25 PM Tasnee records SAR 2.4bn revenue amid higher net losses in 2025

Riyadh – Mubasher: National Industrialization Company (Tasnee) registered 17.70% lower revenue at SAR 2.48 billion in 2025 when compared with SAR 3.02 billion in 2024, according to a bourse disclosure. The company attributed the annual decrease in …

Financial Results

2 March 12:23 PM Tasnee sells subsidiary to Saudi Holding for SAR 700m

Riyadh - Mubasher: National Industrialization Company (Tasnee) signed a share purchase agreement with Saudi Holding Company for Conversion Industries (Tahweel Holding). Through this contract, Tasnee will sell its unit Al Rowad Industrial …

Mergers and Acquisitions

27 January 04:49 PM Tasnee’s SEPC obtains SAR 1.7bn financing from Bank Albilad

Riyadh - Mubasher: The Saudi Ethylene and Polyethylene Company (SEPC), a joint venture (JV) of Tasnee Sahara Olefins Company (TSOC), has secured Shariah-compliant long-term Murabaha financing of SAR 1.70 billion from Bank Albilad. The 12-year …

Banking and Finance

9 November 2025 05:00 PM Tasnee’s net profits soar 289% in 9M-25

Riyadh - Mubasher: The net profits of National Industrialization Company (Tasnee) reached SAR 271.50 million in the first nine months (9M) of 2025, marking a 288.96% leap from SAR 69.80 million in 9M-24. The earnings per share (EPS) amounted to …

Financial Results

4 August 2025 08:54 PM Tasnee swings to profitability in H1-25; revenues down 5.5%

Riyadh - Mubasher: National Industrialization Company (Tasnee) shifted to a net profit of SAR 830 million in the first half (H1) of 2025, against net losses of SAR 19.20 million in H1-24. Meanwhile, the revenues declined by 5.47% to SAR 1.67 …

Financial Results

13 May 2025 02:59 PM Tasnee shifts to SAR 896m profits in Q1-25

Riyadh – Mubasher: National Industrialization Company (Tasnee) turned profitable at SAR 895.80 million in the first quarter (Q1) of 2025, against net losses of SAR 72.10 million in Q1-24. Tasnee generated revenues amounting to SAR 862.70 million …

Financial Results

17 March 2025 00:30 PM Tasnee logs SAR 103m net profits in 2024

Riyadh – Mubasher: National Industrialization Company (Tasnee) posted 49.01% year-on-year (YoY) lower net profits at SAR 102.80 million in 2024, compared to SAR 201.60 million. Revenues hit SAR 3.90 billion as of 31 December 2024, an annual growth …

Financial Results

28 October 2024 09:09 AM Tasnee’s net profits shrink 63.5% in 9M-24

Riyadh – Mubasher: The net profits of National Industrialization Company (Tasnee) dropped by 63.58% year-on-year (YoY) to SAR 69.80 million in the first nine months (9M) of 2024, versus SAR 191.70 million. Revenues hit SAR 2.79 billion in the …

Financial Results

5 August 2024 11:48 AM Tasnee turns to losses in H1-24; revenues hit SAR 1.7bn

Riyadh – Mubasher: National Industrialization Company (Tasnee) swung to net losses valued at SAR 19.20 million in the first half (H1) of 2024, against net profits worth SAR 113.50 million in H1-23. The revenues edged down by 0.52% to SAR 1.76 …

Financial Results

5 May 2024 01:00 PM Tasnee shifts to SAR 72m net losses in Q1-24 on lower sales volume

Riyadh – Mubasher: National Industrialization Company (Tasnee) turned to net losses standing at SAR 72.10 million during the first quarter (Q1) of 2024, against net profits worth SAR 82.10 million in Q1-23. Tasnee attributed the incurred losses to …

Financial Results

5 March 2024 00:54 PM Tasnee’s net profit plunges 74% YoY in 2023

Riyadh – Mubasher: National Industrialization Company (Tasnee) logged a 73.80% year-on-year (YoY) drop in net profit to SAR 174.60 million in 2023 from SAR 666.30 million in 2022. The company’s revenue declined by 8.13% YoY to SAR 3.56 billion …

Financial Results

29 October 2023 10:28 AM Tasnee registers plunge in 9M-23 results; profits leap 357% in Q3

Riyadh – Mubasher: The net profits after Zakat and tax of National Industrialization Company (Tasnee) dropped by 69.24% to SAR 191.70 million in the first nine months (9M) of 2023 from SAR 623.20 million in 9M-22. Revenues shrank by 11.33% to SAR …

Financial Results

31 July 2023 01:53 PM Tasnee registers 81% drop in H1-23 net profits

Riyadh – Mubasher: National Industrialization Company (Tasnee) posted an 81.27% plunge in net profit after Zakat and tax to SAR 113.50 million during the first half (H1) of 2023, versus SAR 606.10 million in H1-22. Revenues declined by 13.54% to …

Financial Results

8 May 2023 11:32 AM Tasnee’s profits exceed SAR 82m in Q1-23

Riyadh – Mubasher: The net profits after Zakat and tax of National Industrialization Company (Tasnee) shrank by 73.43% to SAR 82.10 million in the first quarter (Q1) of 2023, versus SAR 309 million in Q1-22. The company’s revenues hit SAR 888.70 …

Financial Results

28 February 2023 11:07 AM Tasnee’s net profit shrink to SAR 666m in 2022

Riyadh – Mubasher: The National Industrialization Company (Tasnee) recorded a 50.88% year-on-year (YoY) plunge in net profit after Zakat and tax to SAR 666.30 million in 2022, compared to SAR 1.35 billion. Meanwhile, the revenues increased by …

Financial Results

30 October 2022 02:39 PM Tasnee’s profits down 39% in 9M-22 interim financials

Riyadh – Mubasher: The National Industrialization Company (Tasnee) registered SAR 623.20 million in net profit after Zakat and tax during the first nine months (9M) of 2022, lower by 38.76% than SAR 1.01 billion in 9M-21. The Saudi firm generated …

Financial Results

7 August 2022 10:56 AM Tasnee posts lower profits at SAR 606m in H1-22

Riyadh – Mubasher: The National Industrialization Company (Tasnee) has posted net profits after Zakat and tax worth SAR 606.10 million in the first half (H1) of 2022, an annual drop of 11.43% from SAR 684.30 million. On the other hand, revenues …

Financial Results

5 July 2022 02:14 PM Tasnee names new Chairman, Vice Chairman

Riyadh – Mubasher: The National Industrialization Company (Tasnee) has appointed Mubarak Abdullah Al Khafrah as the new Chairman of the board for the next three years. The Saudi listed firm also appointed Talal Ibrahim Al Maiman as the Vice …

Management Decisions