On April 29, 2026, The National Gas and Industrialization Holding Company (GASCO) announced an update on its acquisition of a 50% stake in JACO Gases for SAR 125,000,000 following a capital increase. The General Authority for Competition issued its no-objection approval on April 28, 2026, for the economic concentration transaction. GASCO is currently completing remaining regulatory procedures to finalize the acquisition, with the company committing to announce upon transaction completion.

Original announcement:

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.