Top 100 Companies in the Middle East 2021

SR.No: 98

National Industrialization Co. (Tasnee)

Sector: Industrials

Date of Establishment: 1985
Country: Saudi Arabia
CEO: Mutlaq H. Al-Morished

Sales: $606 million

Profits: $-119 million

Assets: $5.9 billion

Market Value: $3.4 billion

National Industrialization Co. (Tasnee) is one of Saudi Arabia’s largest industrial companies and one of the world’s largest investors in titanium dioxide. It is 6.2% owned by Alwaleed bin Talal’s Kingdom Holding Company, making it the largest shareholder. The company has donated over $266,500 to EHSAN, the national platform for charitable work. Before becoming CEO, Mutlaq H. Al-Morished was president of the Saudi Petrochemical Company.