GAS Arabian Services Signs Manufacturing Agreement with OGS
GAS 4146.SA | 13.06 | -0.08% |
GAS Arabian Services Co. announced on April 15, 2026 that its manufacturing arm, GAS Arabian Metal Tech Factory (GMT), signed a binding Manufacturing Agreement with UK-based Oil & Gas Systems Limited (OGS) on April 14, 2026. The exclusive collaboration agreement covers the design, engineering, and manufacturing of specialized oil and gas systems within Saudi Arabia, including Liquid and Gas Custody Transfer, Multiphase Metering, Prover Systems, and Gas Conditioning Packages. The framework agreement has an initial five-year term with automatic renewal for successive two-year periods, with compensation determined on a project-by-project basis rather than a fixed total value. The company expects positive financial impact starting from future project awards under this collaboration framework.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94434&anCat=1&cs=4146&locale=arImportant 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.
