Tasnee CEO Mutlaq Al-Morished noted the company will seek to complete the Tronox and Cristal merger either by approval or through a process that could reduce the number of factories and, thus, the volume produced, according to Argaam. It is worthy to note that the Federal Trade Commission in the US has issued an administrative complaint challenging the merger of Tronox and Cristal on the basis that the merger would violate anti-trust laws by significantly reducing competition in the North American market for chloride process TiO2.

National Industrialization Company: SAR14.06 as of 6 Dec. 2017, Rating: Neutral, TP: SAR18.00/share, MCap: USD2,508mn, NIC AB/2060.SE