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National Industrialization Company JSC (Saudi Arabia)

Main Activities: Petrochemical Manufacturing | Nonferrous Metal (except Copper and Aluminum) Rolling, Drawing, and Extruding
Full name: National Industrialization Company JSC Profile Updated: March 12, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

National Industrialization Company (Tasnee) is a Saudi Joint Stock Company registered in Riyadh, Saudi Arabia. It was formed on 25 June 1985G, according to Commercial Registration no. 1010059693. The company and its subsidiaries, collectively known as "the Group," are involved in industrial investment and the transfer of advanced industrial technology to Saudi Arabia and the Arab region. Their main activities include manufacturing and transforming petrochemical and chemical products, as well as engineering and mechanical industries. They also manage and own petrochemical and chemical projects and market their products. Additionally, the company provides technical industrial services and manufactures steel and non-steel castings, steel wires, and batteries for vehicles and industrial use. They also produce and market lead and sodium sulphate. Tasnee conducts technical tests on industrial facilities and plants, including chemical, petrochemical, metal, water desalination, and electricity generating plants. They are also involved in setting up plastic industries and producing and marketing acrylic boards, as well as the production and marketing of ethylene, polyethylene, propylene, and polypropylene.

Headquarters
Eastern Ring Road Buisness Gate Building C3, Qurtuba Area, P.O.Box 26707
Riyadh; Al-Riyadh; Postal Code: 11496

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Website: http://www.tasnee.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
1985
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Chief Executive Officer
Ownership Details
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6.23%
Subsidiaries
Advanced Metal Industries Cluster Company Ltd
Al Khadra Environment Company For Industrials Waste Management
National Gulf Company For Pertrochemical Technology
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency SAR. Absolute financial data is included in the purchased report.
Net sales revenue
-11.33%
Total operating revenue
-20.3%
Operating profit (EBIT)
-53.22%
EBITDA
-55.19%
Net Profit (Loss) for the Period
-69.17%
Total assets
-3.9%
Total equity
-0.69%
Operating Profit Margin (ROS)
-21.7%
Net Profit Margin
-22.15%
Return on Equity (ROE)
-5.52%
Debt to Equity Ratio
-6.15%
Quick Ratio
-0.12%
Cash Ratio
-0.16%

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