CRISTAL

Cristal, based in Jeddah, was the second largest titanium dioxide producer in the world. In 2019, Cristal sold its titanium dioxide business to Tronox and in return now owns 24% shares in Tronox, listed in NY Stock Exchange. Cristal also holds 50% shares in Advanced Metal Industries Company, which is currently developing titanium based projects in Saudi Arabia. GIC owns 20% of Cristal.