Distributing dividends to GASCO shareholders for the second half of 2024

Yesterday, the Board of Directors of the National Gas and Industrialization Company (GASCO) decided to distribute cash dividends to shareholders for the second half of the fiscal year 2024.
The company said in a statement on the Saudi Tadawul: The total amount distributed is 82.5 million riyals.
She added that the number of shares eligible for dividends is 75 million shares.
It reported that the share of the dividend is 1.1 riyals.
It stated that the distribution ratio to the nominal share value is 11%.
She indicated that the eligibility date is 07/15/1446, corresponding to 01/15/2025.
She explained that the distribution date is 07-29-1446, corresponding to 01-29-2025.

Transformation into a holding company

The Board of Directors of the National Gas and Industrialization Company (GASCO), at its meeting yesterday, decided to approve the recommendation to transform the company into a holding company.
He noted that this recommendation has been submitted to the extraordinary general assembly of shareholders to vote on it, after obtaining the necessary approvals in accordance with the applicable laws and regulations.
This decision comes within the company’s long-term strategy, which aims to enhance administrative and financial efficiency through the holding company’s supervision of the management of wholly owned subsidiaries.