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On 16 June 2022, Saudi Arabia's General Authority for Competition announced its decision to block National Gas and Industrialization Company from acquiring a majority stake in Best Gas. ....
Recent actions by the Saudi Arabia competition authority confirm that the agency is adopting a more aggressive enforcement approach, particularly involving consumer-facing companies. . ....
RIYADH: Saudi-listed National Gas and Industrialization Co., or GASCO, has announced it has signed an agreement to acquire 55 percent of Best Gas Carrier Co. Total transaction value stands at SR29 million ($7 million), comprising the purchase price and capital investment in Best Gas Carrier Co. The acquisition deal fits GASCO’s strategy to be the leading provider of reliable ....
RIYADH: Saudi Arabia’s stock market recorded gains for a second straight day on Tuesday in tandem with the oil market, with TASI reaching its highest level since 2006. TASI ended 1.2 percent higher at 12,350 points as listed companies continued to disclose their earnings results. The parallel market Nomu edged up by 0.19 percent to 25,153. The main market will see PIF-backed ....