Tasnee

What Tasnee does

Tasnee is a Saudi joint-stock industrial conglomerate founded in 1985 and headquartered in Riyadh, organized around four product pillars: Petrochemicals, Advanced Metals, Downstream plastics (divested March 2026), and Technology & Innovation. Its petrochemicals franchise operates a major production complex in Jubail Industrial City — anchored by the Saudi Ethylene and Polyethylene Company (SEPC), a 60%-owned JV with Sahara Olefins — manufacturing polyolefins (polyethylene, polypropylene), chemicals, polymer compounds, pyrolysis oil, and superabsorbent polymers. The Advanced Metals pillar develops the titanium value chain in Saudi Arabia through wholly-owned AMIC and the AMIC-TOHO joint venture with Japan's Toho Titanium, targeting aerospace and aviation customers. The downstream plastics pillar (BOPP films, agricultural films, HDPE pipes, industrial pallets, insulation products) was sold to Tahweel Holding on 1 March 2026 for SAR 700 million enterprise value, refocusing Tasnee on petrochemicals and advanced metals. R&D is delivered through an in-house Technology & Innovation Center handling characterization, testing, third-party certifications, and technology nationalization.

Tasnee generates revenue primarily through direct B2B enterprise sales of industrial chemicals and polymers to manufacturers in petrochemicals, packaging, construction, agriculture, and aerospace sectors, with pricing negotiated via multi-year supply contracts. Distribution combines dedicated regional sales managers (covering GCC, Africa, Europe, Asia, India Subcontinent, Turkey, and CIS) with channel partners including Rowad (exports to 30+ countries) and Baygan Turkey. The group operates through 38 legal entities, employs more than 4,000 people in Saudi Arabia, and is listed on Tadawul (symbol 2060) with roughly 30,000 investors. Adjacent affiliates include National Batteries (Battariat), National Lead Smelting (RASASS), National Metal Manufacturing (Maadaniyah), and FAHSS/TUV NORD for inspection and certification services. Revenue model is transaction-based bulk industrial sales; specific unit pricing is not publicly disclosed.

The business operates under a Shariah-compliant financing structure and has secured SAR 1.7 billion in murabaha project financing from Bank Al-Bilad (January 2026) for an ethylene cracker expansion. Tasnee reports ongoing financial pressure (Q3 2025 net loss of SAR 558.5 million attributed to oversupply from U.S. and China), but is simultaneously pursuing a major Jubail capacity build-out — alongside Sipchem — that is expected to add approximately 12 million tons of petrochemical capacity over the next three years. Tasnee holds a Top Employer certification (92.75% score in 2026, up from 90.21% in 2025) and has accumulated multiple regional ESG, safety, and governance awards, including Forbes Middle East Sustainability Leaders 2024-2025 and GPCA Supply Chain Innovation 2024.

Name

Tasnee

Legal name

The National Industrialization Company (Tasnee)

Website

https://tasnee.com

Company type

Public

Founded year

1985

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Tasnee is a Saudi joint-stock industrial conglomerate founded in 1985 that produces polyolefins, chemicals, titanium metals for aerospace, and advanced plastics, serving industrial manufacturers, packaging, construction, agriculture, and aerospace customers across more than 30 countries.

Ownership category

akta.pro rank

Product category

Petrochemicals

NAICS

Resin and Synthetic Rubber Manufacturing (32521), Chemical Manufacturing (325), Custom Compounding of Purchased Resins (325991)

SIC

Plastic Material, Synth Resin/Rubber, Cellulos (No Glass) (2820), Industrial Organic Chemicals (2860), Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821)

akta.pro primary industry

Engineering & High-Performance Thermoplastics Resin Manufacturing (PA, POM, PC, PBT, PEEK, PPS) (IMANAAAB)

akta.pro secondary industry

Engineering Plastics & Performance Resins (PC, PA, POM, PBT, PMMA) (IMAEADAI)

Keywords

• Petrochemical manufacturing
• Polyolefin production
• Titanium dioxide manufacturing
• Advanced metals production
• Downstream plastics

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Petrochemical Products: Manufactures and sells polyolefins (polyethylene, polypropylene), chemicals, and petrochemical intermediates to industrial customers across local, regional, and global markets. Revenue is generated through direct sales by regional sales managers and through supply agreements with international distributors.
2. Advanced Metals: Develops and produces titanium metal and related specialty chemicals through joint ventures (ATTM, AMIC-TOHO) for strategic aviation and industrial sectors.
3. Downstream Plastics: Produces and sells plastic products including BOPP films, HDPE pipes, agricultural films, plastic pallets, and superabsorbent polymers (SAP). Undergoing divestiture to Tahweel Holding.
4. Q3 2025 Financial Loss: Tasnee reported a loss of SAR 558.5 million in Q3 2025, reflecting challenging global market conditions including economic uncertainty and oversupply pressures from U.S. and China.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Tasnee manufactures and sells petrochemicals (polyolefins, polymers, chemicals, superabsorbent polymers), advanced metals (titanium and titanium dioxide for aerospace and aviation), and downstream plastic products (BOPP films, agricultural films, HDPE pipes, plastic pallets). It also operates a Technology & Innovation Center providing R&D, testing, certification, and technical services. The company's products are sold B2B to industrial manufacturers, converters, and strategic sectors worldwide, with production concentrated at the Jubail Industrial City complex and the Yanbu titanium facility.

Product overview

Tasnee is a Saudi joint-stock industrial company established in 1985, operating as one of the largest industrial and petrochemical companies in Saudi Arabia and among the world's largest investors in titanium dioxide. The company operates a diversified portfolio organized around four core product pillars: (1) Petrochemicals — providing polyolefins, chemicals, polymer compounds, pyrolysis oil, and superabsorbent polymers through its main complex in Jubail; (2) Advanced Metals — developing the titanium value chain domestically through AMIC and its ATTM joint venture with Toho Titanium for aerospace industries; (3) Downstream — offering converted plastics, packaging, and industrial solutions through subsidiaries including Rowad, Taldeen, and Maadaniyah; and (4) Technology & Innovation — providing in-house and contract R&D, characterization, testing, and third-party product certifications. The company also maintains operational affiliates across inspection/testing (FAHSS/TUV NORD), batteries (Battariat), and lead smelting (RASASS). Products span the petrochemical, chemical, plastics, metals, and industrial services value chains.

Differentiator

Problem solved

Functional benefit

Products and services

• Petrochemicals (Polyolefins and Chemicals) Market-leading portfolio of polyolefins and chemicals supplied to industrial manufacturers, converters, and downstream producers across local, regional, and international markets. Products include polymers, chemical intermediates, polymer compounds (PE/PP compounding), pyrolysis oil, and superabsorbent polymers (SAP) used in hygiene, packaging, and industrial applications.
• Advanced Metals (Titanium and Specialty Chemicals) Full titanium value chain — including titanium dioxide (TiO2) and titanium metal — developed and produced in Saudi Arabia through the AMIC subsidiary and the AMIC-TOHO (ATTM) joint venture. Targeted at strategic integrated aviation industries and aerospace/defense manufacturers.
• Downstream Plastics (BOPP Films, Agricultural Films, HDPE Pipes, Plastic Pallets) Diverse portfolio of finished plastic products including biaxially-oriented polypropylene (BOPP) films for flexible packaging, agricultural films for greenhouse and farming applications, HDPE pipes for construction and infrastructure, industrial plastic pallets, plastic panels, and specialized HDPE/LLDPE industrial insulators. Divested to Tahweel Holding in March 2026.
• Technology & Innovation Services Advanced research, testing, certification, and technology development services offered through the Tasnee Technology & Innovation Center, supporting product development, in-house and contract R&D, consultancy, third-party product certifications, and knowledge transfer.
• Inspection, Certification and Technical Testing (FAHSS / TUV NORD) Industrial inspection, certification, auditing, HSE advisory, product certification, metrology & calibration, food laboratory testing, and training/technical support services provided through Tasnee's National Inspection and Technical Testing Co. (FAHSS), operated under TUV NORD across the Middle East.
• National Batteries (Battariat) Battery manufacturing for various consumer and industrial applications, produced by Tasnee's wholly-owned National Batteries Company (Battariat) subsidiary.
• Lead Smelting (RASASS) Lead smelting and downstream metals production operated through the National Lead Smelting Company (RASASS), a Tasnee wholly-owned subsidiary.

Quantifiable outcome

• 92.75% Top Employer certification score in 2026, up from 90.21% in 2025
• +3 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Tahweel Holding (Saudi Holding Company for Conversion Industries)coreStrategic or Co-development Partner · 1 March 2026Tasnee signed a binding agreement on March 1, 2026, to sell its downstream plastics operations (via Rowad National Plastic Company and subsidiaries including Rowad Global Packaging, Taldeen Plastic Solutions, Rowad National Plastic, Rowad International Industrial Films, and Rowad United Marketing) to Tahweel Holding for SAR 700 million enterprise value. This divestiture allows Tasnee to focus on its core petrochemicals business and strengthen its financial position.
• Baygan (Turkey)coreChannel Partner/ Reseller/ Distributor · 4 February 2026Tasnee renewed its marketing and supply agreement with Baygan (Turkey) for delivery of petrochemical products to the Turkish market. The agreement was signed at the Saudi-Turkish Investment Forum in Riyadh on February 3, 2026, by CEO Fawaz Al-Fawaz and Baygan CEO Burcu Olgay Oztiner. This supports Tasnee's international expansion and export growth.
• Toho Titanium (Japan)coreStrategic or Co-development PartnerTasnee operates the AMIC-TOHO Titanium Metal Company joint venture with Toho Titanium in Yanbu, focused on developing the titanium value chain in Saudi Arabia for strategic integrated aviation industries. This JV brings Japanese titanium technology to Saudi Arabia for aerospace applications.
• Sahara OlefinscoreStrategic or Co-development PartnerTasnee co-owns the Saudi Ethylene and Polyethylene Company (SEPC) with Sahara Olefins, with Tasnee holding 60% ownership. SEPC operates the Jubail ethylene and polyethylene plant which underwent scheduled maintenance and expansion in early 2026.
• SipchemcoreStrategic or Co-development PartnerTasnee and Sipchem are referenced together as anchor companies for major new petrochemical projects in Jubail Industrial City, expected to add nearly 12 million tons of capacity over the next three years. Both companies are key contributors to the GCC region's position as a petrochemical superpower.
• SAPcoreTechnology or IntegrationTasnee utilizes SAP systems for enterprise resource planning including plant maintenance (SAP PM), supply chain management, and HR. The company won the SAP Signavio & Process Transformation Innovation Award in 2024 and holds an SAP Expert Center Certificate.
• TUV NORDminorStrategic or Co-development PartnerFAHSS (National Inspection and Technical Testing Co.) operates as a Tasnee affiliate under TUV NORD, providing inspection, certification, auditing, HSE advisory, product certification, metrology & calibration, food laboratory testing, and training services across the Middle East.

Scale indicators11 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Sipchem (Saudi International Petrochemical Company): Saudi petrochemicals producer jointly anchoring the Jubail Industrial City megaprojects alongside Tasnee. Manufactures ethylene, polyethylene, and a range of petrochemical intermediates, making Sipchem a directly comparable Saudi petrochemical peer.
• SABIC: Saudi Basic Industries Corporation is the largest Saudi petrochemicals producer, manufacturing polyolefins (PE/PP), chemicals, and specialty products. Headquartered in Jubail and listed on Tadawul, SABIC is the most direct publicly-traded comparable for Tasnee's petrochemical operations.
• Sahara Olefins: Tasnee's joint venture partner in SEPC (Saudi Ethylene & Polyethylene Company), producing olefins and polyolefins in Saudi Arabia. Directly comparable in commodity polyolefins and ethylene production.
• Yansab (Yanbu National Petrochemicals Company): Saudi petrochemicals producer based in Yanbu manufacturing ethylene, polyethylene, and polypropylene. As a fellow Saudi polyolefins producer listed on Tadawul, Yansab closely mirrors Tasnee's product portfolio and geographic footprint.
• Toho Titanium: Japanese titanium metal producer and Tasnee's JV partner in AMIC-TOHO Titanium Metal Company in Yanbu. Comparable in advanced metals (titanium) serving aerospace and strategic industrial applications.
• Saudi Kayan Petrochemical Company: Saudi petrochemicals affiliate of SABIC producing olefins, polyolefins (PE/PP), and specialty chemicals at Jubail. Direct competitor in the same Saudi polyolefins and chemicals market as Tasnee.
• National Titanium Dioxide Company (Cristal): Tasnee's TiO2 producing subsidiary and one of the world's largest titanium dioxide manufacturers. Directly comparable in titanium dioxide production and part of Tasnee's own corporate structure.

Regional players

• Borouge: Abu Dhabi-based petrochemicals joint venture (ADNOC and Borealis/OMV) producing polyolefins (PE/PP) for infrastructure, packaging, and agriculture. A regional GCC petrochemicals peer producing similar polyolefin products as Tasnee.
• Equate Petrochemical Company: Kuwait-based petrochemicals producer manufacturing polyethylene, ethylene glycol, and other petrochemical products. A GCC regional polyolefins peer serving overlapping end-markets in packaging, construction, and industrial applications.

Broad incumbents

• LyondellBasell: Global polyolefins leader (PE, PP) and chemicals producer across multiple continents. Broad incumbent offering overlapping polyolefin and chemicals products, providing a global benchmark for Tasnee's petrochemical pricing and margin profile.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat7 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/tasneehq
• YouTubeyoutube.com/channel/UCuFHEljPhMfiC8izSWCJSPw
• LinkedInlinkedin.com/company/tasnee

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries13 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tasnee