National Industrialization Co (TASNEE) News - Mubasher Info
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08 April 06:34 AM

National Industrialization Co (2060)

Last update: 7 April 03:13 PM market time.
9.41
0.00
0.00%
Open 9.34
Previous Close 9.41
High 9.58
Low 9.30
Stock Statistics
Volume 3,244,441
Turnover 30,589,561.75
All data are 15 minutes late during market session

News

Revenues for Q2-20 came in at SAR 486.3 million
20 August 2020 09:44 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
Revenues for Q1-20 slipped to SAR 659.4 million
21 June 2020 00:27 PM Tasnee reports 94% plunge in Q1-20 losses
Riyadh – Mubasher: The National Industrialization Company (Tasnee) has reduced its net losses after Zakat and tax by 94% annually in the first quarter (Q1) of 2020 to reach SAR 76.5 million. The company generated SAR 659.4 million worth of …
Financial Results
Net profits after zakat and tax plunged by 84.1% to SAR 41.2 million in Q3-19
27 October 2019 09:04 AM Tasnee Q3 profits down 84%
Riyadh – Mubasher:  National Industrialization Company (Tasnee) disclosed its interim consolidated financial results for the third quarter of 2019. Net profits after zakat and tax plunged by 84.1% to SAR 41.2 million in Q3-19, compared to SAR …
Financial Results
Tasnee’s net profits after zakat and tax fell by 25% in Q2-19
26 September 2019 03:00 PM Tasnee feedstock supplies’ resume to normal levels
Riyadh – Mubasher: The National Industrialization Company (Tasnee) said that its feedstock supplies have reached their regular levels on Thursday, 26 September. Following attacks on Aramco’s oil facilities earlier in September, Tasnee announced …
Company News
Tasnee will continue working on evaluating the financial effects
18 September 2019 11:28 AM Tasnee’s feedstock supplies curtailment drops to 25%
Riyadh - Mubasher: The National Industrialization Company (Tasnee) said that the shortage in its feedstock supply from Saudi Aramco improved as it went down to 25% approximately from 41%. The company’s feedstock supply is expected to reach normal …
Company News
Production may be lowered by about 5% during Q3-19
16 September 2019 10:37 AM Saudi petrochem sector to see lower Q3 earnings – Al Rajhi Research
Riyadh – Mubasher: Saudi petrochemical companies are expected to have lower production rates in the coming days after Saudi Aramco’s oil facilities at Abqaiq and Khurais have been recently attacked with drones, according to a report released by Al …
Financial Results
Net profits after zakat and tax fell by 25% in Q2
28 July 2019 08:43 AM Tasnee posts SAR 297m profits in Q2
Riyadh – Mubasher: National Industrialization Company (Tasnee) posted its interim consolidates financial results for the second quarter of 2019. Net profits after zakat and tax fell by 25% to SAR 296.7 million in Q2-19, compared to SAR 395.8 …
Company News
Mubarak Al Khafrah was appointed as the board’s chairman
7 July 2019 11:38 AM National Industrialization elects new board of directors
Riyadh – Mubasher: The extraordinary general assembly of National Industrialization Company has elected a new board of directors for the coming three years, ending 5 July 2022, during the meeting held on Saturday, 6 July. Accordingly, Mubarak …
Company News
MSCI Inc said the stocks of 30 Saudi firms will be added
14 May 2019 08:59 AM MSCI adds 30 Saudi companies to EM Index
Riyadh – Mubasher: MSCI Inc. has added the MSCI Saudi Arabia index to its emerging-markets index (EM Index), according to MSCI’s semi-annual index review. The US-based index compiler said the stocks of 30 Saudi firms will be added, accounting for …
Trading Activities
Tasnee’s profits amounted to SAR 159.5 million in Q1-19
25 April 2019 09:54 AM Tasnee’s profit drops 56% in 3M
Riyadh – Mubasher: Saudi Arabia’s National Industrialization Co (Tasnee) reported a 55.87% year-on-year decline during the first quarter of 2019. Tasnee’s profits amounted to SAR 159.5 million in Q1-19, down from SAR 361.4 million during Q1-18, …
Financial Results
A large stake of the deal’s proceeds will be allocated for prepaying Cristal’s outstanding bank debts.
11 April 2019 01:21 PM US Trade Commission OKs sale deal to Tasnee’s unit
Riyadh – Mubasher: National Industrialization Co (Tasnee) on Thursday announced that the US Federal Trade Commission (FTC) approved Tronox Limited’s planned acquisition of the titanium dioxide (TiO2) business in the National Titanium Dioxide …
Companies Investments
The firm attributed the major rise in 2018 earnings to a jump in average selling prices of titanium dioxide product
28 February 2019 10:56 AM Saudi Tasnee logs SAR 1.20bn profit in 2018
Riyadh – Mubasher: Saudi Arabia's National Industrialization Co (Tasnee) on Thursday reported a 68% year-on-year profit increase during the full-year 2018. Tasnee’s profits after calculating Zakat and Tax reached SAR 1.20 billion ($320 million) …
Financial Results
Tasnee to operate titanium sponge plant during H1-19
28 December 2018 10:42 AM Tasnee to operate titanium sponge plant during H1-19
Riyadh – Mubasher: Saudi Arabia-based National Industrialization Co (Tasnee) announced that operating titanium sponge project will be postponed until the first half of 2019 due to delay on operating the raw material unit of titanium tetrachloride. …
Companies Investments
Tasnee’s profits amounted to SAR 259.4 million ($69.16 million) during Q3-18
24 October 2018 09:13 AM Saudi Tasnee logs SAR 388m profit in 9M
Riyadh – Mubasher: Saudi Arabia-based National Industrialization Co (Tasnee) on Wednesday announced a 35.4% year-on-year profit increase in the third quarter of 2018 after calculating Zakat and Tax. Tasnee’s profits amounted to SAR 259.4 million …
Financial Results
Revenues rose by 12% to SAR 2.99 billion in Q2-18
23 July 2018 09:15 AM Saudi Tasnee Q2 profits soar 323%
Riyadh – Mubasher: National Industrialization Co (Tasnee) on Monday reported a 322.86% year-on-year hike in net profit for the second quarter of 2018, recording SAR 395.8 million from SAR 93.6 million. Quarter-on-quarter, net profit increased by …
Financial Results
AMIC’s facility is located in Jazan City for Primary and Downstream Industries
10 May 2018 11:07 AM Tasnee’s unit inks deal to sell plant to Tronox
Riyadh – Mubasher: Saudi Arabia-based National Industrialization Company (Tasnee) announced that its subsidiary, Advanced Metal Industries Cluster Company Limited (AMIC), signed an option agreement with the US-based Tronox Limited (Tronox). Under …
Corporate Actions
Saudi Tasnee’s profit soar 250% near to SAR 361m in Q1
24 April 2018 09:49 AM Saudi Tasnee profit soars 250% in Q1
Riyadh – Mubasher: Saudi Arabia-based National Industrialization Company (Tasnee) reported a 249.9% leap in its net profits in the first quarter of 2018, compared to the same period in the prior year. Tasnee’s net profits skyrocketed to SAR 361.4 …
Financial Results
The total value of the three deals amounted to SAR 169.2m, after 5.34 million shares were exchanged.
23 April 2018 11:18 AM SAFCO, Tasnee, SABIC stocks see SAR 169.2m private deals
Riyadh – Mubasher: Three private transactions were implemented on Saudi Arabian Fertilizer Co (SAFCO), National Industrialization Company (Tasnee), and The Saudi Basic Industries Corporation (SABIC) stocks on Monday on the Saudi Stock Exchange …
Trading Activities
The aircraft precision machining production facility will be for civil and military aircraft
27 February 2018 10:39 AM Tasnee’s unit to build aircraft precision machining production plant
Riyadh – Mubasher: Advanced Metal Industries Co. has signed a memorandum of understanding (MoU) with the National Industrial Clusters Development Programme (NICDP), Al Salam Aerospace Industries Company and Figeac Aero Group to discover the …
Corporate Actions
The Kingdom-based firm posted SAR 716.2 million in net profits during the full-year 2017
27 February 2018 09:07 AM Saudi Tasnee logs SAR 327mn profit in Q4
Riyadh – Mubasher: Saudi Arabia’s National Industrialization Company (Tasnee) on Tuesday posted a 3387% year-on-year surge in its net profits during the fourth quarter of 2017, compared to the year-ago period. Tasnee’s net profits amounted to SAR …
Financial Results
Around 32 Saudi companies are nominated to be listed on the Emerging Market (EM) Index
19 February 2018 01:07 PM Saudi market's potential weight to hit 2.3% after listing on MSCI
Riyadh – Mubasher: Saudi market's potential weight may reach 2.3% when it will be listed on Morgan Stanley Capital International’s (MSCI) index, according to consultation document posted on MSCI’s website. Around 32 Saudi companies are nominated …
Companies Investments
The total value of the deal amounts to SAR 6.27 billion
1 January 2018 05:59 PM Tasnee OGM approves “Cristal” agreement with TRONOX
Riyadh – Mubasher: National Industrialization Company (Tasnee) on Monday announced that its 22nd Ordinary General Assembly Meeting (OGM) approved an agreement with TRONOX Limited, an Australian public joint stock company listed on the New York …
Mergers and Acquisitions
The new date is set to be on the second half of 2018
31 December 2017 04:27 PM Saudi Tasnee pushes back operation of titanium sponge project
Riyadh – Mubasher: Saudi Arabia-based National Industrialization Company (Tasnee) pushed back the date of starting the trial and commercial operation of titanium sponge project. The new date is set to be on the second half of 2018, according to a …
Companies Investments
Cristal is a 79% unit of Tasnee.
6 December 2017 01:19 PM US FTC objects to complete Tasnee’s unit deal
Riyadh – Mubasher: Saudi Arabia-based, National Industrialization Company (Tasnee) said that the US-based Federal Trade Commission (FTC) objected to complete Tronox proposed acquisition on Tasnee’s subsidiary, Cristal. “Cristal and Tronox continue …
Companies Investments
Tasnee inks SAR 2.93bn joint murabaha facility deal with eight banks
26 October 2017 09:28 AM Tasnee inks SAR 2.93bn joint murabaha facility deal with eight banks
Riyadh – Mubasher: Saudi Arabia-based, National Industrialization Company (Tasnee) signed on Wednesday, 25 October, syndicated murabaha facility agreement at a value of SAR 2.93 billion ($781 million) with eight banks. The eight banks are: Riyad …
Companies Investments