National Industrialization Company (2060.SR) SAU

Currency In SAR

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National Industrialization Company

Address

The Business Gate, Building No. C3

Riyadh, Riyadh Province 11496

Saudi Arabia

Phone

966 11 222 2205

Sector

Basic Materials

Industry

Chemicals

Employees

1463

First IPO Date

March 04, 2010

Key Executives

NameTitlePayYear Born
Fawaz Mohammed Al-FawazChief Executive Officer, Executive Vice President of Finance & Acting Executive VP of Support Functions01962
Mutlaq bin Hamad Al-MorishedExecutive Director471,0001957
Emad Al HajiChief Financial Officer0N/A
Sulaiman Al KhattafVice President of Technology, Innovation & SBU Petrochemicals0N/A
Saeed A. Al-AjrafiVice President of Downstream0N/A
Khalid A. Al KhaterVice President of Manufacturing0N/A
Fadi Bin Mohamed Saeed TrabzuniExecutive Vice President of Metallurgy Sector0N/A
Zekeriyya GemiciExecutive Vice President of Strategy & Growth0N/A
Yasser F. Al DaajaniVice President of Commercial & Business0N/A
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Description

National Industrialization Company (NIC), established in Riyadh, Kingdom of Saudi Arabia, in 1985, is a diversified global conglomerate. The company is actively involved across several key industrial sectors, including chemicals, petrochemicals, plastics, engineering, and metals. Its operations are structured into three primary segments: Chemicals, Petrochemicals, and Downstream & Others. NIC's extensive product portfolio encompasses a wide array of chemicals and petrochemicals such as titanium dioxide, ethylene, polyethylene, propylene, polypropylene, butyl acrylate, acrylic acid, super absorbent polymers, and butanol. In the metals and plastics domains, it manufactures titanium sponges, plastic sheets, and other various plastic goods. Furthermore, the company specializes in producing diverse steel products, including towed steel wires, spring wires, and specialized steel wires for cables, electrical conductors, concrete reinforcement, and welding applications. It also produces and markets liquid batteries for automotive and industrial uses, alongside lead and sodium sulphate. Beyond manufacturing, NIC offers a broad spectrum of services. These include technical industrial support, the production of steel and non-steel castings, and undertaking technical tests for a range of industrial facilities, from chemical, petrochemical, and metal plants to water desalination and electricity generation units. The company also plays a role in establishing various plastic industries. Its service offerings extend to mechanical equipment and industrial instrument inspection, quality management, environmental system oversight, academic training, IT consultancy, and laboratory testing. Additionally, NIC is engaged in recycling used and damaged batteries, lead, plastics, industrial materials, and environmental waste. It produces and markets acrylic boards, chemical, petrochemical, and plastic items, plastic pallets, pipes, agri-films, and wastewater treatment solutions, as well as industrial dyes and paints.

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