- Business
- National Gas and Industrialization Co. (GASCO) (2080.SR) manufactures, markets, and distributes liquefied petroleum gas (LPG) including propane and butane, industrial gases, and related derivatives in the Kingdom of Saudi Arabia and internationally; it produces, sells, and maintains gas cylinders, cages, tanks, and accessories; maintains gas networks and related equipment; transports and markets petroleum, chemical, petrochemical, and glass products; develops and maintains LPG networks, tanks, and solutions; establishes and participates in energy production, water treatment, and environmental services projects; provides technical and engineering consulting, training in gas and energy operations; and invests in real estate including land acquisition for building construction, lease, and sale. GASCO operates filling stations, transportation fleets, and distribution networks serving residential, industrial, agricultural, and commercial customers primarily within Saudi Arabia. The company, founded in 1963 through the merger of National Gas Company in Dammam and Saudi Manufacturing Company, maintains headquarters in Riyadh, Saudi Arabia. In a major recent development, GASCO's Extraordinary General Meeting approved its transformation into a holding company structure and elected a new board of directors for a four-year term commencing November 29, 2025; the company reported net profits of SAR 185.6 million for the first nine months of 2025, with SAR 69.7 million in the third quarter, alongside announcements of dividends including 11.5% for the first half of 2025 and 11% for the second half of 2024.