Flexible Electronics News

Tasnee Proceeds with Strategic Investment in Dyesol

Will invest up to an additional AUD$16 million in Dyesol

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Saudi Arabian industrial giant Tasnee, also known as The National Industrialization Company of Saudi Arabia, has confirmed its intention to invest up to an additional AUD$16 million in Dyesol, in addition to the AUD$4 million Tasnee invested in the Australian renewable energy innovator in February. Tasnee will make its strategic investment in two tranches. The first tranche of AUD$10 million, convertible into Dyesol shares at 18 cents per share, is to take effect immediately – subject to Dyes...

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