TASNEE

Tasnee was established in 1985, as the first Saudi private sector’s fully owned joint stock industrial company, with the aim of advancing the economic.

Kingdom Holding Company has a substantial shareholding in TASNEE, a leading Saudi petrochemical firm, and the country’s second-largest industrial company, producing chemical, plastic and industrial services.

For Kingdom Holding Company, TASNEE represents a special status investment. The company received interest in TASNEE in 1995, and after this investment, he was appointed a new Board of Directors and Chief Executive. It followed a comprehensive reorganization of the business, which saw a new series of non-original assets settlement and cost-prevention policies. In this period, TASNEE started more than 50 major investments and mergers, which significantly increased the scale of business and its stock price.

TASNEE’s long-term strategy is to develop a major global petrochemical company on the basis of additional projects and high-value acquisitions. Kingdom Holding Company enjoys close ties with the management of TASNEE and expects to provide additional opportunities for co-investment in the future of the company.