National Industrialization Co (2060)

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News

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 …

Board of Directors

27 April 2022 04:00 PM Tasnee’s profits fall 5.5% in Q1-22 initial financials

Riyadh – Mubasher: The National Industrialization Company (Tasnee) has registered net profits after Zakat and tax worth SAR 309 million during the first quarter (Q1) of 2022, down 5.64% from SAR 327.50 million from Q1-21. During the January-March …

Financial Results

9 March 2022 06:00 PM Tasnee turns to profits crossing SAR 1bn in 2021

Riyadh – Mubasher: The National Industrialization Company (Tasnee) has achieved net profits after Zakat and tax worth SAR 1.35 billion in 2021, against net losses of SAR 446.7 million in 2020. The company’s revenues reached SAR 3.67 billion last …

Financial Results

28 October 2021 01:29 PM Tasnee logs over SAR 1bn profit in nine months

Riyadh – Mubasher: The National Industrialization Company (Tasnee) achieved net profits after Zakat and tax of SAR 1.017 billion in the first nine months of 2021, versus net losses of SAR 274.3 million in the year-ago period.  Earnings per share …

Financial Results

14 September 2021 11:18 AM Apollo plans to buy Tasnee’s partially-owned Tronox for over $4bn

Riyadh – Mubasher: Apollo Global Management has made an offer worth $4.3 billion to purchase Tronox Holdings, in which National Industrialization Company (Tasnee) owns 24% stake through a subsidiary. Private equity firm Apollo offered $27 per …

Companies Investments

8 August 2021 11:47 AM Tasnee turns to profitability in H1-21

Riyadh – Mubasher: The National Industrialization Company (Tasnee) has achieved net profits after Zakat and tax of SAR 684.3 million during the first half (H1) of 2021, against net losses of SAR 232 million in the year-ago period. Achieving net …

Financial Results

20 June 2021 11:37 AM Tasnee completes maintenance of SEPC plant; financial impact unchanged

Riyadh – Mubasher: National Industrialization Company (Tasnee) has completed the scheduled periodic maintenance of its Saudi Ethylene and Polyethylene Company’s (SEPC) plant. Tasnee noted that the plant is operating as of 20 June, according to a …

Corporate Actions

14 April 2021 02:23 PM Tasnee to temporarily close plants; financial impact seen at SAR 90m

Riyadh – Mubasher: The National Industrialization Company (Tasnee) plans to temporarily shut down the ethylene and polyethylene plants for 27 days starting 23 May, according to a disclosure to Tadawul on Wednesday. Tasnee will implement periodic …

Corporate Actions

20 August 2020 10:44 AM Tasnee moves to SAR 188m quarterly losses

Riyadh – Mubasher: The National Industrialization Company (Tasnee) turned to net losses of SAR 188.8 million in the second quarter (Q2) ended 30 June 2020, against net profits of SAR 212.1 million in the corresponding quarter a year ago. The move …

Financial Results