AI Summary
Logo of Gas Arabian Services Co. (GAS)
Shares of Gas Arabian Services Co. (GAS) began trading on the Main Market (TASI) today, Oct. 9, under the Capital Goods sector, with symbol 4146.
The stock is subject to a daily price fluctuation limit of +/-10%.
The Saudi Exchange (Tadawul) approved the company's transition from the Nomu-Parallel Market to TASI on Sept. 16, 2025.
GAS previously withdrew its application to move to TASI on Jan. 21, 2025, which was initially submitted on Sept. 5, 2024, to complete and meet the additional liquidity requirements published on the exchange’s website.
The company’s share capital stands at SAR 158 million, divided into 158 million shares, with a nominal value of SAR 1 per share. The last trading price of the company on Nomu was SAR 16.92, which will be the initial trading price upon listing on TASI.
GAS is the 18th company to transition from Nomu to TASI.
With this transition, the total number of companies listed on TASI rises to 243, excluding the 19 listed Real Estate Investment Trusts (REITs). Meanwhile, the number of companies listed on Nomu declined to 126, excluding REITs.
GAS was established in 1992 as a sole proprietorship owned by Abdulrahman Khalid AlDabal under the name Gas Arabian Services Establishment, with a capital of SAR 300,000 in Dammam.
In 2006, the company was converted into a limited liability company, with its capital increased to SAR 1 million, and later converted into a closed joint-stock company in 2019, with a capital of SAR 150 million, which was then increased in 2021 to SAR 158 million, its current capital.
The company's main activity includes the construction of stations and main water distribution lines, electrical wiring installation, and building finishing, in addition to activities in real estate, technology, construction, mining, quarrying, manufacturing industries, information and communications, water supply, sewage services, and others.
The company was listed on Nomu on Feb. 7, 2022, through offering 790,000 shares, representing 5% of its capital, with the final offering price set at SAR 80 per share.
In August 2023, the company split the nominal value of its share from SAR 10 per share to SAR 1 per share.
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GAS Transition Details |
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|
Item |
Nomu |
TASI |
|
Capital (SAR mln) |
158 |
158 |
|
Number of Shares (mln) |
15.8 |
158 |
|
Par Value per Share (SAR) |
10 |
1 |
|
Sector |
Capital Goods |
Capital Goods |
|
Daily Fluctuation Limit |
30% |
10% |
|
Listing Price (SAR) |
90 |
16.92 |
|
Share Trading Eligibility |
Qualified investors |
Any Saudi or foreign person, entity, institution, or fund authorized by the Capital Market Law and its regulations to own and trade securities |
The following table details companies that have transitioned from Nomu to TASI:
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Details of Companies’ Transition to Main Market |
||||
|
Company |
Board Approval |
Transfer Application |
Official Approval |
Listing Shares on TASI |
|
Al Kathiri |
Oct. 9, 2019 |
Oct. 15, 2019 |
Oct. 28, 2019 |
Nov. 3, 2019 |
|
Thob Al Aseel |
Oct. 6, 2019 |
Oct. 16, 2019 |
Nov. 4, 2019 |
Nov. 10, 2019 |
|
Abo Moati |
Oct. 6, 2019 |
Oct. 16, 2019 |
Nov. 4, 2019 |
Nov. 11, 2019 |
|
Raydan |
Oct. 8, 2019 |
Oct. 29, 2019 |
Nov. 17, 2019 |
Nov. 21, 2019 |
|
Baazeem |
Oct. 7, 2019 |
Nov. 14, 2019 |
Nov. 28, 2019 |
Dec. 4, 2019 |
|
Arab Sea |
Oct. 9, 2019 |
March 17, 2020 |
April 12, 2020 |
April 15, 2020 |
|
Al-Omran |
Feb. 16, 2020 |
June 15, 2020 |
July 15, 2020 |
July 21, 2020 |
|
Sadr |
Sept. 27, 2020 |
Nov. 2, 2020 |
Dec. 3, 2020 |
Dec. 10, 2020 |
|
Development Works Food |
Sept. 12, 2021 |
Nov. 4, 2021 |
Nov. 17, 2021 |
Nov. 23, 2021 |
|
Sumou |
May 15, 2022 |
May 24, 2023 |
Aug. 20, 2023 |
Sept. 7, 2023 |
|
Riyadh Cement |
June 29, 2022 |
June 18, 2023 |
Nov. 14, 2023 |
Dec. 5, 2023 |
|
Burgerizzr |
Oct. 12, 2023 |
June 13, 2024 |
Oct. 13, 2024 |
Nov. 4, 2024 |
|
Banan |
July 4, 2023 |
June 4, 2024 |
Nov. 18, 2024 |
Dec. 9, 2024 |
|
Jahez |
March 19, 2024 |
July 7, 2024 |
Nov. 18, 2024 |
Dec. 10, 2024 |
|
Raoom |
Dec. 14, 2023 |
June 11, 2024 |
Jan. 6, 2025 |
Jan. 27, 2025 |
|
Saudi Azm |
April 18, 2025 |
May 27, 2025 |
June 29, 2025 |
July 11, 2025 |
|
Obeikan Glass |
Dec. 27, 2023 |
May 23, 2025 |
June 29, 2025 |
July 11, 2025 |
|
GAS |
Jan. 2, 2024 |
July 17, 2025 |
Sept. 16, 2025 |
Oct. 9, 2025 |
Regulations for Nomu-to-TASI transfers
Under the amended listing rules issued by the Capital Market Authority (CMA), companies seeking to transfer from the Nomu-Parallel Market to the Main Market (TASI) must meet several conditions. They are required to remain listed on Nomu for a minimum of two calendar years before applying for the move.
Additionally, the average market value of their shares must be at least SAR 200 million during the six months leading up to the application. Before submitting the request, companies must publicly disclose a board report containing all relevant information and secure the board of directors’ approval for the transfer. They are also obligated to announce the application to the public at the time of submission.
Trading in the company’s shares may be suspended for up to five sessions ahead of its debut on the Main Market.
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