Last SR26.48 SAR
Change Today -0.04 / -0.15%
Volume 1.7M
NIC On Other Exchanges
Saudi Arabia
As of 8:30 AM 12/25/14 All times are local (Market data is delayed by at least 15 minutes).

national industrialization c (NIC) Snapshot

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52 Week High
09/14/14 - SR41.10
52 Week Low
12/17/14 - SR21.00
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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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national industrialization c (NIC) Key Developments

National Industrialization Co. Announces Earnings Results for the Third Quarter and Nine Months Ended September 2014

National Industrialization Co. announced earnings results for the third quarter and nine months ended September 2014. For the quarter, the company reported a 7.64% annual increase in its net profit to SAR 243.7 million, due to a compensation received in connection with an unsuccessful lawsuit against one of its subsidiaries. Operating income fell 14.13% to SAR 654.5 million. In the first nine months of the year, the net profit of the company marked almost 10% year-on-year growth to nearly SAR 973 million. Earnings per share rose to SAR 1.45 from SAR 1.32. Operating income amounted to SAR 2.4 billion, compared to SAR 2.34 billion. The earnings in nine months were boosted by higher profit margins and an increase in sales volumes.

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.


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