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عربي

National Industrialization Company

   (2060.SSE)
Also known as: NIC, Tasnee
Last Trade
40.90SAR
+ 0.74%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Updated: Apr 28, 2011
 
 
 
Country

Saudi Arabia

Ownership Type
Company Type
Joint Stock
 
 
 
 
Principal Activities
Holding company investing in the petrochemicals, chemicals and industrial manufacturing industries; manufacture and distribution of petrochemicals including propylene, polypropylene, sodium sulfate and titanium dioxide; packaging materials and plastic products including films, sheets, bags, foils, containers, pails and automobile battery cases; steel wires, spring and welding wires, strands, axles, castings, fasteners, nails, valves, pumps and pipe fittings; recycling of cars and scrap batteries; provides inspection services including training, appraisal, consultancy and technical testing for industrial plants.
 
Date of Establishment Year
1985 (September)
 
No of Employees
7,000 (45 Company, 7,000 Group, 962 Headquarters) (As of Apr 20, 2011)
 
Stock Market Listing
Exchange Symbol ID Stock Type Currency
Saudi SE  2060 2060.SSE Ordinary SAR
 
 
Contact Details
Address:
New Akaria Building,Tower II
7th Floor
Sitteen Street
Malaz Area
P.O. Box 26707
Riyadh  11496
Saudi Arabia
 
Tel:
+966 1-476-7166
 
Fax:
+966 1-477-0898
 
Email:
info@tasnee.com
admin@tasnee.com
 
Website:
www.tasnee.com
 
Related Links:
www.tuvme.com

 
 
 Major Shareholders  Section Updated: 26Sep11
Name   Type  Country  Holding 
Shairco for Trading Industry and Contracting  Corporate Saudi Arabia 8.40% 
General Organization for Social Insurance - Saudi Arabia  Government Saudi Arabia 8.20% 
Gulf Investment Corporation  Government Kuwait 7.40% 
Kingdom Holding Company  Corporate Saudi Arabia 6.20% 
Olayan Saudi Investment Company  Corporate Saudi Arabia 5.67% 
Ikarus Petroleum Industries Company  Corporate Kuwait 5.50% 
Saudi Pharmaceutical Industries and Medical Appliances Corporation  Corporate Saudi Arabia 5.20% 
A K Al Muhaidib and Sons Group  Corporate Saudi Arabia -
National Industries Group Holding  Corporate Kuwait -
Public   - 53.43% 
 Note: A K Al Muhaidib and Sons Group and National Industries Group Holding's shares are part of the public stake.
 
 
 Foreign Ownership Limits
Section Updated: 30Dec09
Owned Permitted
100%
GCC Nationals
 
49%
Foreigners
 
 
 
 Direct Investments and Related Entities 
Subsidiaries/Associates/Affiliates
Name  Country  Holding 
National Gulf Company for Petrochemicals Technology Saudi Arabia 100.00%
National Industrialization Petrochemicals Marketing [Tasnee-Marketing] Saudi Arabia 100.00%
Rowad National Plastic Company Saudi Arabia 100.00%
National Operation and Industrial Services Company Saudi Arabia 85.00%
National Batteries Company Saudi Arabia 80.00%
Saudi Polyolefins Company Saudi Arabia 75.00%
National Lead Smelting Company Saudi Arabia 74.90%
National Inspection and Technical Testing Company Saudi Arabia 68.26%
TUV Middle East UAE 68.26%
The National Titanium Dioxide Company Saudi Arabia 66.00%
Tasnee and Sahara Olefins Company Saudi Arabia 60.45%
Advanced Polyol Manufacturing Company Saudi Arabia 50.00%
National Packing Products Company Saudi Arabia 42.60%
National Metal Manufacturing and Casting Company Saudi Arabia 35.40%
Investments
Name  Country  Holding 
Saudi Acrylic Acid Company [SAAC] Saudi Arabia 13.00%
Saudi Acrylic Polymers Company [via Saudi Acrylic Acid Company] Saudi Arabia 9.75%
Alsalam Aircraft Company Saudi Arabia 5.00%
Madina Industrial Investment Company Saudi Arabia 5.00%
Turkish Saudi Investment Holding Company Saudi Arabia 1.25%
National Environmental Preservation Company Saudi Arabia -
Saudi Industries Development Company Saudi Arabia -
 
 
 Representatives
Auditors
Ernst and Young Riyadh  
Banks
The Saudi Investment Bank Banque Saudi Fransi
Samba Financial Group  
Law Firms
N/A  
 
 
 Financial Results  31-Dec-10  31-Dec-11   Yr on Yr 
  SAR'000 SAR'000 change (%)
Total revenues  15,989,374 19,643,908 22.86
Net profit  1,472,606 2,443,350 65.92
Total assets 34,745,941 40,037,898 15.23
Paid-up capital 5,067,532 5,574,285 10.00
Shareholders' Equity 9,261,647 11,019,269 18.98
Shares outstanding 506,753 557,428 10.00
Market capitalization 17,989,739 22,687,339 26.11
» View Full Financials