GAS completes transfer of equity stakes in two companies

09:21 AM (Mecca time) Argaam
GAS acquires 12.90% stake in EBKSA and 40% stake in TCR Arabia

GAS acquires 12.90% stake in EBKSA and 40% stake in TCR Arabia

Gas Arabian Services Co. (GAS) completed, on Dec. 3, transferring and registering a 12.90% stake in EagleBurgmann Saudi Arabia Ltd. (EBKSA) and a 40% stake in TCR Arabia Ltd.

 

In a statement to Tadawul, the company said the step followed the necessary regulatory approvals.

 

In November, GAS signed binding agreements with Afaq Al Mustaqbal for Operation and Maintenance Co. (a major shareholder) to acquire a 12.90% stake in EBKSA and a 40% stake in TCR Arabia for SAR 65.8 million, Argaam reported.

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