Gas Arabian Services signs $9.4 million deal with Yamama Cement in Saudi Arabia
Gas Arabian Services Company has signed a deal worth SAR 35.30 million ($9.4 million) with Yamama Cement Company in Saudi Arabia.
The agreement covers the procurement and construction of a gas pipeline as well as fuel supply for Yamama Cement’s new factory.
Gas Arabian Services recently obtained approval to transfer its shares from the Parallel Market (Nomu) to the main market All Share Index (TASI).
In the first half of 2023, the company recorded a net profit after Zakat and tax of SAR 35.48 million, up 98.79% from SAR 17.84 million.
Source: Zawya