RIYADH: Saudi-listed National Gas and Industrialization Co. saw its profits drop 14 percent during the first half of 2022, despite higher sales. Profits of the Riyadh-based gas firm reached SR105 million in the first half of 2022, down from SR122 million in the same period last year, according to a bourse filing. This came despite an increase in revenue which reached SR989
On 16 June 2022, Saudi Arabia's General Authority for Competition announced its decision to block National Gas and Industrialization Company from acquiring a majority stake in Best Gas.
RIYADH: Saudi-listed National Gas and Industrialization Co. saw its profits soar 47 percent in 2021 even as sales edged lower In line with profits, the company’s board proposed a half-year cash dividend payout of SR56 million ($15 million) or SR0.75 per share. Profits of the Riyadh-based gas firm hit SR202 million, compared to SR137 million a year earlier, according to a
RIYADH: Saudi-listed National Gas and Industrialization Co., or GASCO, has announced it has signed an agreement to acquire 55 percent of Best Gas Carrier Co. Total transaction value stands at SR29 million ($7 million), comprising the purchase price and capital investment in Best Gas Carrier Co. The acquisition deal fits GASCO’s strategy to be the leading provider of reliable