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- Southern Province, Yanbu Cement extend key merger talks
- Burgan Bank appoints Al-Roomi as Deputy General Manager
- NBK 'first bank to launch automated safe deposit boxes' for customers
- Zain Omantel International takes home four major industry awards
- Income Tax key step for revenue diversification: Economy Minister
- Qatar Stock Exchange index soars to new heights amid regional tensions
- Dollar falls against other currencies
- UAE FinTech market likely to grow from $3.16 billion in 2024 to $5.71 billion by 2029
- Al Mal Capital REIT announces follow-on public offering
- Saudi Arabia's Non-Oil Industrial Sector Grows 5.3% in 2024
27/04/2015 06:35 AST
Saudi Arabia's National Industrialisation Company (Tasnee) said it has chosen Taiwan's CTCI and Japan's Chiyoda Corp to build a titanium sponge plant for its majority-owned Cristal subsidiary.
The two contractors are expected to finish construction of the plant in Yanbu on the Red Sea coast in the first half of 2017, with trial and commercial operations due in the third quarter of that year, Tasnee said in a statement on Sunday.
The plant, which will cost an estimated $290 million, is to have an annual capacity of 15,600 tonnes. Titanium sponge is an intermediate product that is purified into ingots and mill products.
Tasnee and Cristal each have a 32.5 per cent stake in the project, while Toho Titanium has 35 per cent.
Reuters
18/04/2016
Saudi Arabia's National Industrialization Co (Tasnee) posted a narrower first-quarter net loss, beating analysts' forecasts due to higher sales volumes and not suffering the same negative impact from
Reuters
20/10/2015
Saudi Arabia's National Industrialization Co. (Tasnee) swung to a loss in the third quarter as it was hit by both lower sales and prices.
Tasnee, which had reported losses in the preceding t
Arab News
21/04/2015
Saudi Arabia's National Industrialization Company (Tasnee) said on Monday it would cut costs and revise foreign exchange and derivatives contracts at a subsidiary after swinging to a first-quarter lo
Reuters
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| MAADEN | 50.60 | 2.05 (4.22 |
| SABIC | 54.80 | -0.10 (-0.19 |
| SABICAGRINUTRIENTS | 104.20 | -5.00 (-4.58 |
| LIMEINDUSTRIES | 12.56 | -0.44 (-3.39 |
| APICO | 39.80 | -0.05 (-0.13 |
25/06/2025
Southern Province Cement Company has announced that it has entered into a non-binding agreement with a leading Saudi cement group Yanbu to explore a potential merger.
The duo had an year ag
Trade Arabia
25/06/2025
Burgan Bank announced the appointment of Mohammed Al-Roomi as Deputy General Manager of Information and Cyber Security Management. This strategic appointment reflects the Bank's unwavering dedication
Kuwait Times
25/06/2025
In line with its commitment to enriching its customers' banking experience and providing the best innovative digital services that meet their needs, the National Bank of Kuwait announced the launch o
Kuwait Times
25/06/2025
Zain Omantel International (ZOI), the joint venture between Zain Group and Omantel, has earned four prestigious international awards - underscoring its position as a connectivity powerhouse in the re
Kuwait Times
25/06/2025
Al Mal Capital REIT, the first REIT listed on the Dubai Financial Market (DFM), on Tuesday announced a follow-on public offering (FPO) on its closed ended Real Estate Investment Trust (REIT).
Khaleej Times
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