National Titanium Dioxide Co.
Cristal, headquartered in Jeddah, Saudi Arabia, was established in 1988 as the sole producer of titanium dioxide (TiO2) pigment in the region. GIC is a founding shareholder owning 33%. The company followed its strategic expansion plan over the years upgrading its Yanbu plant capacity from 45,000t/y in 1991 (at start up of production) to 180,000t/y in 2012.
In 2007, Cristal became the second largest producer of Titanium Dioxide in the world (after Dupont) with the acquisition of Millennium Inorganic Chemicals, increasing its capacity to 750,000t/y with seven global plant sites.
In 2008, Cristal further expanded its titanium value chain through the acquisitions of Bemax Resources Limited, (an Australian mining company) and International Titanium Powder to secure Cristal's global feedstock requirements and to produce specialized titanium metal based products. Cristal Global provides numerous products and services for a variety of industries around the world. From coatings to paper and polymers to pigments.
Website: http://www.cristalarabia.com/
Other Investee Companies
Bituminous Products Co. Ltd. (Bitumat)
Gulf Industrial Investment Co.
Technical Supplies & Services Co. Ltd.
National Industrialization Co.
Gulf Aluminum Rolling Mill Co.
Gulf United Steel Holding Co. (Foulath) B.S.C.
Explore Our Investments
| FUNDS' PERFORMANCE | ||
| Gulf Bond Fund | ||
| Date | : | 10 May 2013 |
| NAV per Share | : | US$ 14.1168 |
| Total Assets | : | US$ 174 million |
| GIC KD Bond Fund | ||
| Date | : | 09 May 2013 |
| NAV per Share | : | KWD 1.0210 |
| Total Assets | : | KWD 6 million |