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The company is a manufacturer of plastic packaging products and nonwoven fabrics.
Overview
Takween Advanced Industries, formerly Al-Othman Plastic Products (PLASTICO), is a producer and distributor of plastic packaging products and nonwoven fabrics. The company was set up in 1993 and specializes in the production of high-quality packaging for the dairy and beverage industries in Saudi Arabia and the Middle East.
Basic Information
City: | Khobar |
Country | Saudi Arabia |
Ownership Type: | Joint Stock |
Establishment Date: | 1993 |
Commercial Register: | 2051044381 |
Website: | www.takweenai.com |
mohammad.mustafa@takweenai.com | |
Phone | +966 13 853 4314 |
Fax | +966 13 853 4343 |
Address | Sixteenth floor - Al Othman Business Tower - King Saud bin Abdulaziz Road - Al Khobar 31952 |
PO Box | 2500 |
Argaam Classification
Financials Highlights (M )
Trading Data
Stock Market : | TASI |
Fiscal Year End : | December |
Free Float (M) : | 40.12 |
Free Float % : | 52.47 |
Weight in Index % : | 0.02 |
3M Average Volume : | 1,549,757 |
3M Average Transactions : | 2,464 |
Change(12M) % : | (19.86) |
Major Shareholders
Name | Number of Shares (M) | Holding |
---|---|---|
Al-Othman Holding Company | 31.84 | 41.64 % |
Abdulmohsen Mohammed Abdullah Al-Othman | 4.50 | 5.89 % |
Subsidiaries & Associates
Company | Country | Percentage |
---|---|---|
New Marina | Egypt | 99.66 % |
Al Sharq Co. for Plastic Industries | Saudi Arabia | 99.00 % |
SPS | Saudi Arabia | 99.00 % |
Ultrapak | Saudi Arabia | 99.00 % |
SAAF | Saudi Arabia | 30.00 % |
Milestones
31-12-2014
The company wholly acquired Savola Packaging Systems Co.
08-04-2013
Increased capital to SAR 350 million by a 17 % bonus share issue
07-02-2012
Floated on the Saudi stock market (Tadawul)
04-12-2010
Raised capital to SAR 97.5 million by acquiring a 99% stake in Ultrapak Manufacturing Co. and a 53% holding in Advanced Fabrics Co. (SAAF), boosting its stake in SAAF to 99%
04-10-2010
The company’s capital was increased to SAR 97.5 million
09-05-2010
The company acquired a 53% stake in SAAF, increasing its holding in the company to 99% stake
01-05-2010
Raised capital to SAR 300 million
2010
Became a closed joint stock company (renamed as Takween Advanced Industries)
30-04-2001
It was converted into a limited liability company and its capital was increased to SAR 32 million
21-10-1993
Set up with a capital of one million Saudi riyals (formerly Al-Othman Plastic Products)
1993
The company started its activities through its Plastic Packaging Factory in Al-Ahsa
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