Riyadh- Mubasher: National Industrialization Company (Tasnee) will consider expansion in the next period after the improvement of its financial position, company CEO Mutlaq Al-Morished told CNBC in an interview on the sidelines of the annual Gulf Petrochemicals and Chemicals Association (GPCA) Forum, Dubai.
It is expected that Tasnee will achieve better financial results in the coming period, compared to the last year, he said.
Al Morished forecast the company's fourth-quarter results to be closer to the September quarter's, which saw robust financial results.
The Saudi Arabia-based company's net profit surged 77.6% to SAR191.9 million in Q3-17 from SAR107.9 million in the same period a year earlier.
Tasnee's debt declined SAR7 billion to SAR17 billion, Al Morished said in October.
