On June 3, 2026, GAS Arabian Services Co. announced the signing of a Long-Term Agreement (LTA) with Saudi Arabian Oil Company (Saudi Aramco) to provide In-Plant services across multiple technical disciplines including Mechanical, Piping, Electrical, Instrumentation, Communication, Painting, Civil & Structural. The agreement has an initial duration of six years with the possibility of extension for two additional three-year periods, totaling a potential twelve years. The financial impact will depend on the size and scope of work under relevant contracts and purchase orders, with any material financial impact to be announced in accordance with applicable regulations.

Original announcement:

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.