GASCO cancels gas extension investment plan with Omani firm

Riyadh – Mubasher: National Gas and Industrialization Company (GASCO), listed on the Saudi Stock Exchange (Tadawul), announced that its board of directors decided not to proceed with plans with Oman-based National Gas to invest in a new gas extension company.

The decision will have no financial impact on the company’s results, GASCO said in a bourse filing on Sunday.

In March 2018, the two companies signed a non-binding memorandum of understanding (MoU) to conduct a feasibility study to set up a new gas extension company.

Mubasher Contribution Time: 30-Aug-2020 08:19 (GMT)
Mubasher Last Update Time: 30-Aug-2020 08:19 (GMT)