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RIYADH: Saudi Arabia’s General Authority for Competition has rejected National Gas and Industrialization Co.’s, or GASCO’s, acquisition deal with Best Gas Carrier Co., a bourse filing revealed. Earlier in February, Saudi-listed GASCO signed a deal to invest SR29 million ($7 million) and take a majority stake of 55 percent in Best Gas Carrier. Best Gas Carrier operates by ....
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 ....
RIYADH: Saudi Arabia’s main index extended gains for the third consecutive day as oil prices climbed and listed companies disclosed earnings results. As of Wednesday, 10:13 a.m. Saudi time, TASI’s index gained 0.10 percent to reach 12,363, while Nomu, the parallel market, tumbled 0.05 percent to reach 25,140 points. In the energy market, US WTI crude was valued at $92.45 per ....