What was the sale price and completion date of Tasnee's divestiture of Al Rowad to Tahweel?

Tasnee sold its subsidiary Al Rowad Industrial Transformation Company to Tahweel for around SR 700 million ($186.6 million), and the transaction was completed on 31 August.

What strategic rationale did Tasnee provide for selling Al Rowad?

According to Tasnee’s regulatory filing, the sale supports its strategic focus on the petrochemicals sector, strengthens its financial position by redirecting capital allocation and reducing leverage, simplifies its organizational structure, and enhances overall operational efficiencies.

Saudi Arabia’s Tasnee sells subsidiary Al Rowad to Tahweel for SR700m

Sep 1, 2026

National Industrialization Co (Tasnee) completed the sale of its subsidiary Al Rowad to Tahweel for SR700 million on August 31. The deal reinforces Tasnee's strategic focus on petrochemicals and improves its financial leverage.

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Saudi Arabia’s Tasnee sells subsidiary Al Rowad to Tahweel for SR700m

Saudi Arabia’s Tasnee sells subsidiary Al Rowad to Tahweel for SR700m

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