GASCO Completes SAR 125M Jaco Gases Acquisition

GASCO HOLDING

GASCO HOLDING

2080.SA

0.00

On June 24, 2026, Alghaz Waltsnae Company Eligibility Alqabida (GASCO) announced the completion of its acquisition of a 50% stake in Jaco Gases Company for SAR 125,000,000 following a capital increase. The company has finalized all regulatory and legal procedures related to the transaction, making GASCO the owner of 50% of Jaco Gases' share capital. The financial impact of this strategic acquisition is expected to be reflected in GASCO's financial statements starting from the third quarter of fiscal year 2026.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96352&anCat=1&cs=2080&locale=ar

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.