Tasnee: Saudi National Industrialization Co. reduces loans by over 66%, CEO reveals

RIYADH: Saudi National Industrialization Co. has succeeded in reducing loans from SR27 billion ($7.19 billion) to less than SR9 billion, its CEO revealed. In an interview, Mutlaq Al-Morished further disclosed that the company, also referred to as Tasnee, has begun the construction process on expanding the ethylene crushing plant in partnership with Saudi chemicals firm Sipchem. The CEO pointed out that the impact of this expansion is expected to roll out in 2026, Al-Ekhbariya reported.