Riyadh - Mubasher: National Gas and Industrialization Company (GASCO) inked an equity interest purchase agreement to acquire a 50% equity in JACKO Gases for a total value of SAR 125 million.
The acquisition follows a 100% capital increase of JACKO Gases, according to a bourse filing.
The funds will be used to finance JACKO Gases’ growth plans, enhance operations, and strengthen its position.
Meanwhile, the deal is subject to standard regulatory approvals and includes customary terms, conditions, and warranties. It will be funded from the company’s internal resources and cash balances.
The acquisition aligns with GASCO's strategy to diversify into sectors adjacent to LPG and other non-regulated businesses, aiming to support economic growth and sustainability.
Upon completion, JACKO Gases’ financial statements will be consolidated into GASCO’s accounts in line with approved accounting standards.
JACKO Gases’ revenues have grown steadily over the past four years, from SAR 23.26 million in 2022 to an unaudited SAR 65.96 million in 2025.
During 2025, the net profits attributable to the shareholders of GASCO edged up by 0.16% to SAR 249.10 million from SAR 248.70 million in 2024.
