Major Shareholders & Holdings

National Industries Group

National Industries (NI) Group is a diversified holding company, based in Kuwait. The Group's original business was the manufacture of building materials. Over the years the company has diversified through direct investments in oil, gas, petrochemicals, heavy industries, infrastructure and privatization programs pertaining to power generation and public utilities.

The company was established in 1960 with 51% of shares owned by the Kuwait Government and 49% owned by the private sector. In 1984, the company was listed on the Kuwait Stock Exchange and in 1995/6 the Kuwait Government sold all its shares in the company to the private sector. By 2007, NI Group had a market capitalization of US$ 7 billion, and total assets of US$ 5 billion.

In Kuwait, NIG is the majority shareholder in:

• National Industries Company for Building Materials (NICBM), a manufacturer of building materials.
• Noor Financial Investment Company.
• Ikarus Petroleum Industries Company.

The Group also owns significant shares in other Kuwaiti companies including:

• Kuwait Cement Company
• Mabanee Company
• Al Ahlia Insurance Company
• Kuwait Finance Center
• National Investments Company
• Kuwait Privatization Projects Company

NI Group's international subsidiaries include:

• BI Group (UK), owner of UCB, the world's largest manufacturer of cast iron bars.
• Proclad International, a specialist in oilfield services (UK, UAE, Singapore, Kuwait).

NI Group also has an extensive portfolio of international investments, including:

• Karachi Electric Supply Company
• Dana Gas Company (United Arab Emirates)
• Saudi Sand Lime Bricks & Building Materials
• Kuwait Jordan Holding Company
• Marsa Alam Holding Company
• Iraq Holding Company
• Kuwait Syrian Holding Company

In 2005, the National Industries Group was awarded 'A' status by Moody's, the international credit rating agency. In 2006 the company won the prestigious Gulf Excellence Award.

Content preserved verbatim from the legacy site as published.

Sipchem

Sipchem is one of the largest private sector petrochemicals manufacturing companies in Saudi Arabia. Sipchem's product slate includes Methanol and Derivatives, Carbon Monoxide, Butanediol and solvents. Sipchem is also planning a major Ethylene derivatives project in the kingdom. Full details of Sipchem can be found at www.sipchem.com.

Tasnee

Located in Saudi Arabia, Tasnee is a major producer of Polypropylene. The company is also the biggest shareholder in Cristal, one of the World's leading producers of Titanium Dioxide. Tasnee was the first joint stock industrial company in the kingdom, and was founded in 1985. Tasnee is continuing to grow, and in 2008 the company commissioned a major new integrated Polyethylene facility. A full profile of Tasnee and its operations can be found at www.tasnee.com.