The Saudi Basic Industries Corporation (SABIC) is considering listing its industrial gas subsidiary, National Industrial Gases Company (GAS), on the Saudi Exchange.
GAS is primarily engaged in the production and supply of industrial gases. Currently, SABIC holds a predominant 74% stake in the company.
In separate statements to Tadawul, SABIC and GASCO said the move aims to enhance shareholder value, adding that the strategic options under review remain subject to the completion of financial, technical, and legal assessments.
The petrochemicals giant said the move was in line with its strategy of portfolio optimisation and focusing on its core business.
GAS reported a net profit of SAR 415.8 million in 2024.
