The Middle East’s
Top 100 Listed
Companies 2022
71. National Industrialization Co. (Tasnee)
Country: Saudi Arabia
Sector: Industrials
CEO: Mutlaq Al Morished
Market Value: $4 billion
Sales: $979 million
Profits: $548 million
Assets: $6.7 billion
Tasnee is one of Saudi Arabia’s largest industrial companies and one of the world’s largest investors in titanium dioxide. Alwaleed bin Talal’s Kingdom Holding Company owns 6.2%, making it the largest shareholder. Tasnee has 26 affiliates, including Khadamat, Taldeen, and Fahss. In March 2022, Tasnee signed an export credit insurance policy of $133 million with Saudi’s EXIM Bank, contributing to strengthening its presence in the global markets and increasing its market share.