Fawaz Mohamed Al Fawaz, Tasnee’s CFO, stated that the company has performed well in 4Q16, on the back of a solid operational performance despite the challenging industry conditions. He added that Tasnee’s products are in high demand, which will support the company in maintaining its global market share and penetrate additional markets in Africa. Al-Fawaz pointed out that the company had made significant progress in the restructuring process as it is currently implementing a production optimisation programme, which is expected to have a positive impact on operational performance. Tasnee is also working on finishing some new projects such as the i) ilmenite treatment facility; and ii) titanium Sponge Plant (expected to start production by end-2017). With regard to the recent stake sold to Advanced, Al Fawaz was positive on the deal, and he mentioned that that it will be beneficial for both companies, given the potential business synergies. (Argaam)   National Industrialization Company (Tasnee): SAR16.48 as of 18 January 2017, Rating: Neutral, TP: SAR14.50 per share, MCap: USD2,940mn, NIC AB / 2060.SE