Kingdom Holding Company sees substantial opportunities in the petrochemical sector, particularly in the potential to participate in initial public offerings for industrial projects. Low per capita consumption of petrochemical products by emerging economies gives particular cause for long-term optimism; those players are apt to grow more quickly, and place new orders accordingly, as the global economy rebounds. KHC also seeks investment opportunities focusing on high-value petrochemical derivative products with commensurate higher returns on investment.
National Industrialization Company (TASNEE)
Kingdom Holding Company has a substantial shareholding in TASNEE, a major Saudi petrochemical firm and the country’s second-largest industrial firm, producing chemicals, plastics, and industrial services. For KHC, TASNEE represents a special situation investment. The company acquired an interest in …