‎GAS completes transfer of equity stakes in two companies

‎GAS completes transfer of equity stakes in two companies ‎GAS completes transfer of equity stakes in two companies

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Gas Arabian Services Co. (GAS) completed transferring and registering a 12.90% stake in EBKSA and a 40% stake in TCR Arabia Ltd.

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.

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In a statement to Tadawul, the company said the step came after obtaining 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 EagleBurgmann Saudi Arabia Ltd. (EBKSA) and a 40% stake in TCR Arabia Ltd. for a total value of SAR 65.8 million, Argaam reported.

 

Gas Arabian Services Co. (GAS) completed transferring and registering a 12.90% stake in EBKSA and a 40% stake in TCR Arabia Ltd.

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 came after obtaining 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 EagleBurgmann Saudi Arabia Ltd. (EBKSA) and a 40% stake in TCR Arabia Ltd. for a total value of SAR 65.8 million, Argaam reported.

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