Tasnee cristal, 34 billion) and a 24% stake in the new entity. TASNEE hereby permits such transaction (made through a conditional agreement) which doesn’t include any preferential conditions for the aforementioned two Directors. US chemicals firm Tronox has agreed to buy the titanium dioxide subsidiary Cristal from Saudi firm Tasnee for $1. . Aug 4, 2025 · [SMM Titanium Express] Toho Titanium and Saudi Arabia's AMIC sign JV agreement to establish titanium sponge production plant in Saudi Arabia. TASNEE is the majority owner and ultimate parent of Respondent National Titanium Dioxide Company Limited (Cristal). TASNEE is dedicated to embedding Environmental, Social, and Governance (ESG) principles and Sustainability at the heart of our operations and decision-making, driving a culture of responsibility, resilience, and long-term value creation. Nov 4, 2019 · TASNEE owns 79% of Cristal's issued shares. 673bn. AMIC is jointly owned by Cristal and Tasnee with 50% stake each. Apr 10, 2019 · Cristal is owned 79 percent by Tasnee (a listed Saudi joint-stock company) and 20 percent by Gulf Investment Corporation (GIC), a company equally owned by the six states of the Gulf Cooperation Council (GCC), headquartered in Kuwait. Jan 29, 2018 · Cristal is owned 79 percent by Tasnee (a listed Saudi joint-stock company) and 20 percent by Gulf Investment Corporation (GIC), a company equally owned by the six states of the Gulf Cooperation Council (GCC), headquartered in Kuwait. Information on valuation, funding, acquisitions, investors, and executives for Joint Venture (Tasnee / Cristal / Toho Titanium Company). TASNEE shall announce any further material developments pertaining to the Transaction in due course. Use the PitchBook Platform to explore the full profile. (AMIC) The company was established jointly by Tasnee and Cristal in 2014 with a mandate to develop the Titanium Value chain in the Kingdom. Feb 21, 2017 · National Industrialization Co. 67 billion and a 24% stake in the new entity. Advanced Metal Industries Cluster Co. Jan 23, 2014 · Cristal Global and The National Industrialization Company (Tasnee) have signed an agreement to establish a joint venture (JV) company with Japanese titanium producer Toho Titanium Company Ltd to build a titanium sponge production facility. 67 billion (£1. On May 9, 2018, we entered into an Option Agreement with AMIC which is owned equally by Tasnee and Cristal. (Tasnee), today announced that its subsidiary, National Titanium Dioxide Company (Cristal), has signed a definitive agreement for the acquisition of its titanium dioxide (TiO 2) business, by Tronox Limited in return for $1. The deal will make Tronox the largest titanium pigment producer in the world, overtaking DuPont spin-off Chemours, with 11 Feb 21, 2017 · Tasnee CEO Mutlaq Al-Morished commented, “This transaction enables Cristal and Tronox to position the combined businesses for long-term success in the titanium dioxide (TiO2) industry. Feb 22, 2017 · Saudi Arabia s National Industrialization Company (Tasnee) has entered into a conditional agreement with Australian chemicals maker Tronox to sell Cristal, its titanium dioxide (TiO2) business, for $1. , Ltd.
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