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

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-- 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.

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