National Industrialization Company (Tasnee) is a diversified industrial conglomerate established in 1985 as the first fully Saudi private-sector joint-stock industrial company. Headquartered in Riyadh, Saudi Arabia, the company has grown to become one of the largest industrial and petrochemical companies in Saudi Arabia and one of the largest investors in titanium dioxide globally.
Tasnee operates five business units: Petrochemicals, Chemicals, Metals and Metallurgical, Diversified, and Services. The company has a wide range of interests in petrochemicals, chemicals, plastics, and metals manufacturing, industrial services and environmental technologies. Over 3,200 people work for Tasnee and its affiliates today, with an employee range of 5,000 to 10,000 individuals. For fiscal year 2024, the company reported a net profit of SR 103 million.
Recent Leadership
Musaab Sulaiman Al Muhaidib was appointed Chairman of the Board of Directors effective July 6, 2025, and Fawaz Al-Fawaz serves as Chief Executive Officer.
Facts compiled by Executive Moves from publicly available news and press releases on 19 August 2026. Spotted an inaccuracy? Email us and we'll review within 1 business day.
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