Approval for “GASCO” to acquire 50% of “Jaco” for 125 million riyals

The National Gas and Industrialization Holding Company announced "Gazco" Yesterday, the General Authority for Competition issued a no-objection to complete the economic concentration process to acquire 50% of the shares of Jaco Gas Company.

The company said in a statement on its website "Saudi Arabia trading": It is currently working on completing the rest of the relevant regulatory procedures to complete the deal.

The company had previously announced the signing of a share purchase agreement to acquire 50% of the capital of Jaco Gases Company at a value of 125 million riyals after the capital increase.

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