National Industrialization Co - Company Profile
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National Industrialization Co (Tasnee) is a chemical company. The company's primary activities encompass many sectors, including petrochemicals, chemicals, plastics, metal manufacturing, industrial services, and environmental technologies. Tasnee's product portfolio includes chemicals, polymers, pyrolysis oil, superabsorbent polymer products, BOPP films, car batteries, HDPE pipes, plastic pallets, sponges, titania, and slag iron ingots, among others. The company's products are utilized across various industries, from agriculture to road construction. It also offers services such as technical inspection, HSE services, auditing and certification, management training, technical training, calibration, food testing, and product certification. The company’s products and services are marketed globally. Tasnee is headquartered in Riyadh, Saudi Arabia.
Headquarters
Saudi Arabia
Address
P.O Box 26707, The Business Gate, Building No. C3, Eastern Ring Road, Qurtuba Area, Riyadh, 11496
Website
www.tasnee.com
Telephone
966 112 222205
No of Employees
962
Industry
Chemicals
Ticker Symbol & Exchange
2060 (SAU)
Revenue (2024)
$1.0B
9.4%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-49%
(2024 vs 2023)
Market Cap*
$1.6B
Net Profit Margin (2024)
XYZ
-53.3%
(2024 vs 2023)
* As of and is in US$
National Industrialization Co premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| - | - |
| Polymers | Technical Inspection |
| Superabsorbent Polymer | HSE Services |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In June, the company entered into a partnership with Olayan Energy Company to undertake the development of solar photovoltaic power plants at the Tasnee Technology and Innovation Center. |
| 2023 | Others | In December, the company announced the expansion of the Ethylene Cracker Plant at its subsidiary Saudi Ethylene and Polyethylene Company (SEPC). |
| 2023 | Commercial Operation | In November, the company announced the value engineering phase for the refurbishment, and design changes of the Ilmenite Smelter Project of its subsidiary Advanced Smelting Industries Company Ltd. |
Competitor Comparison
| Key Parameters | National Industrialization Co | Sahara International Petrochemical Co | Yanbu National Petrochemical Co | Advanced Petrochemical Co | Basic Chemical Industries Ltd |
|---|---|---|---|---|---|
| Headquarters | Saudi Arabia | Saudi Arabia | Saudi Arabia | Saudi Arabia | Saudi Arabia |
| City | Riyadh | Khobar | Yanbu | Jubail | Dammam |
| State/Province | Riyadh | - | Al Madinah | Eastern Province | - |
| No. of Employees | 962 | 818 | 1,105 | 686 | 376 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Musaab Sulaiman Al Muhaidib | Chairman | Executive Board | 2025 | - |
| Fawaz Mohammad Al-Fawaz | Chief Executive Officer | Senior Management | 2024 | - |
| Emad Al-Haji | Chief Financial Officer | Senior Management | - | - |
| Talal Al Maiman | Vice Chairman | Non Executive Board | - | - |
| Saeed Al-Ajrafi | Vice President - Downstream | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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