Last SR38.01 SAR
Change Today +0.92 / 2.48%
Volume 3.8M
As of 8:32 AM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

national industrialization c (NIC) Snapshot

Open
SR37.20
Previous Close
SR37.09
Day High
SR38.20
Day Low
SR37.20
52 Week High
08/27/14 - SR38.20
52 Week Low
09/5/13 - SR25.20
Market Cap
25.4B
Average Volume 10 Days
2.3M
EPS TTM
SR1.88
Shares Outstanding
668.9M
EX-Date
04/2/14
P/E TM
20.2x
Dividend
SR1.50
Dividend Yield
3.95%
Current Stock Chart for NATIONAL INDUSTRIALIZATION C (NIC)

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national industrialization c (NIC) Details

The National Industrialization Company primarily operates as an industrial and petrochemical company worldwide. The company erects, manages, operates, and owns petrochemical, chemical, plastic, engineering, and metal projects, as well as provides industrial services and markets its products. Its petrochemical products include polypropylene, high and low density polyethylene, and acrylic acid; chemical products comprise titanium dioxide that are used in paints, inks, plastics, rubbers, papers, textiles, ceramic tiles, cosmetics, pharmaceuticals, etc., as well as chlorine, caustic soda, hydrochloric acid, and sodium hypochlorite. The company also manufactures metallurgical products, such as steel wires consisting of mattress springs, welding rods, cable shielding wires, deformed wires for pre-cast concrete, and galvanized wires of low and high carbon content; metal castings, such as truck differentials, water pump heads, gear boxes, and solid steel alloys, as well as other metal alloys, including bronze, aluminum, and copper; and various truck and absorbent axels, as well as lead by the recycling of spent batteries. In addition, it provides car batteries; plastic sheets comprising polycarbonate, acrylic, ABS, and polystyrene sheets; bi-axially oriented polypropylene films; industrial membranes, such as high and low density polyethylene membranes that are used for lining, covering, or protecting various facilities; injection products comprising casings and caps for car batteries, and paint pails; and corrugated carton sheets. Further, it offers polyolefins marketing, sales and distribution technical inspection, life safety and fire protection, management systems, hazardous waste management, analytical testing, and environmental engineering services. The company was founded in 1985 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.

Founded in 1985

national industrialization c (NIC) Top Compensated Officers

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Executives, Board Directors

national industrialization c (NIC) Key Developments

National Industrialization Co Reports Earnings Results for the Second-Quarter and Six Months of 2014

National Industrialization Co reported earnings results for the second-quarter and six months of 2014. For the quarter, the company's profit rose by 34.7% year on year to SAR 408.3 million against ($109 million) on the back of improved margins at its petrochemicals unit, and higher sales volumes. Operational profit was up by 40.2% at SAR 915.2 million. For the first six months, the company's net profit rose by 10.7% year on year to SAR 729.1 million, while its operational profit increased by 12.3% to SAR 1.74 billion.

The National Industrialization Company and The National Titanium Dioxide Company Ltd. Announces Joint Venture with Toho Titanium Company Ltd

The National Industrialization Company and The National Titanium Dioxide Company Ltd. announced that they signed an agreement to establish a joint venture company with Toho Titanium Company Ltd. Through SIDF/local funding the new company will invest a total of USD 420 million, including startup expenses, to construct a 15,600 metric ton per year titanium sponge production facility in Yanbu Industrial City, KSA. The new facility will be built adjacent to Cristal's existing titanium dioxide plant in Yanbu Industrial City. Cristal's Titanium Dioxide plant will supply the new production plant with titanium tetrachloride. The strategic objective of the new joint venture company is to produce high quality titanium sponge at a competitive cost by benefiting from the economies of scale and integrated synergies resulting from Cristal's existing Yanbu operations and Toho's advanced production technology. The new company, which will consist of an equity shareholding of 32.5% for Cristal, 32.5% for Tasnee and 35% for Toho, is also expected to create more than 160 highly skilled direct jobs in Yanbu. This builds on the over 300 new skilled direct jobs that Cristal has recently created in the Kingdom as part of its slagger project in Jazan Economic City. It is expected that the new facility will start to ramp up commercial production in second quarter of 2017 with completion in first quarter of 2018.

National Industrialization Co and Saudi Company for Technological Development and Investment Signs Memorandum of Understanding to Establish Synthetic Fibres Joint Venture

National Industrialization Co and Saudi Company for Technological Development and Investment have signed a memorandum of understanding to establish a synthetic fibres joint venture. Together, the companies will be able to develop new solutions for the synthetic fibre market and bring international technology into Saudi Arabia in partnership with industrialist, investor, and research centres.

 

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Industry Analysis

NIC

Industry Average

Valuation NIC Industry Range
Price/Earnings 19.7x
Price/Sales 1.3x
Price/Book 2.1x
Price/Cash Flow 19.7x
TEV/Sales NM Not Meaningful
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