Tasnee CEO: Company is set to deliver strong 4Q results; to look for potential investment opportunities
Tasnee CEO Mutlaq H. Al-Morished announced that the company should deliver robust financial results during 4Q17 and that management is currently looking for potential investments. Al-Morished noted that the regional petrochemicals sector is currently in need of M&A’s to improve its global competiveness.
National Industrialization Company: SAR14.86 as of 27 Nov. 2017, Rating: Neutral, TP: SAR18.00/share, MCap: USD2,651mn, NIC AB/2060.SE
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