06-Dec-16 Saudi Arabia's Advanced Petrochemical has acquired shares in National Industrialisation Co (Tasnee), as per Reuters. Total cost of the shares purchased to date is 462.9 million riyals (US$123.43 mln), representing just under 6% of Tasnee's share capital. The acquisition in Tasnee, which has interests in petrochemicals, metals and chemicals, was funded by the company's internal resources. Any additional share purchases will be subject to approval from Advance's investment committee.
