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SASE:2080

6 stories mentioning SASE:2080Updated 2d ago

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Equities

Saudi Arabia's Gasco Logs Rise in H1 Net Profit, Revenue

Alghaz Waltsnae Co. Eligibility Alqabida (SASE:2080), d/b/a Gasco, said Wednesday its net profit and revenue grew year over year for the first half.Net profit attributable to shareholders for the six months ended June 30 was 141.4 million Saudi riyals, compared with 115.9 million riyals earlier. EPS moved to 1.88 riyals from 1.54 riyals.The liquefied petroleum gas retailer's revenue was 1.85 billion riyals, compared with 1.58 billion riyals a year ago.

SASE:2080
Equities

Gasco Chairman Passes Away

Alghaz Waltsnae Co. Eligibility Alqabida (SASE:2080), d/b/a Gasco, Chairman Abdulaziz Fahad AlKhayal passed away on June 25.The liquefied petroleum gas retailer said Sunday that it will disclose any updates regarding AlKhayal's successor later.

SASE:2080
Equities

Gasco Secures Regulatory Nod to Buy 50% Stake in Jaco Gases

National Gas and Industrialization Holding Co. (SASE:2080), d/b/a Gasco, completed the regulatory requirements to acquire a 50% stake in Jaco Gases.The deal for the liquefied petroleum gas retailer's 50% acquisition of the limited liability company is valued at 125 million Saudi riyals.

SASE:2080
Equities

Gasco's Board Raises H1 Dividend

National Gas and Industrialization Holding Co. (SASE:2080), d/b/a Gasco's, board decided to distribute a cash dividend of 1.5 Saudi riyals per share for the first half, according to a Monday release.The liquefied petroleum gas retailer will pay the dividend on Sept. 10 to shareholders on record as of Aug. 23. It paid 1.15 riyals per share in the year-ago period.

SASE:2080
Equities

Saudi Arabia's Gasco Books Higher Q1 Net Profit, Revenue

National Gas and Industrialization Holding Co. (SASE:2080), d/b/a Gasco, said Tuesday that its net profit and revenue for the first quarter rose year over year.Net profit attributable to shareholders of the issuer for the three months ended March 31 was 82.2 million Saudi riyals, compared with 61.9 million riyals a year ago. EPS moved to 1.1 riyals from 0.83 riyal.The Saudi Arabia-listed liquefied petroleum gas retailer's revenue was 962.4 million riyals, compared with 837.6 million riyals previously.

SASE:2080
Equities

National Gas and Industrialization Wins Regulatory Nod for Jacko Gases Stake Purchase

National Gas and Industrialization Co. (SASE:2080) obtained a no-objection notice for its acquisition of a 50% stake in Jacko Gases.The notice from the General Authority for Competition is related to the economic concentration of the transaction, according to a Wednesday release.The liquefied petroleum gas retailer added that the 125 million-Saudi-riyal acquisition remains subject to other regulatory processes.

SASE:2080

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