Alghaz Waltsnae Company Eligibility Alqabida (Gasco) Announces An Update Regarding The Signing Of A Share Purchase Agreement To Acquire 50% Of The Share Capital Of Jaco Gases For A Value Of Sar 125,000,000 Following A Capital Increase.

Introduction: Further to the announcement by Alghaz Waltsnae Company Eligibility Alqabida (GASCO) regarding the issuance of the General Authority for Competition’s no‑objection on 28/04/2026 to complete the economic concentration transaction to acquire a 50% stake in Jaco Gases Company (a limited liability company),

Alghaz Waltsnae Company Eligibility Alqabida (GASCO) announces the completion of all regulatory procedures related to the acquisition transaction on 09/01/1448AH – 24/06/2026 AD Accordingly, GASCO has become the owner of 50% of the share capital of Jaco Gases Company.

The financial impact of this transaction is expected to be reflected in GASCO’s financial statements starting from the third quarter of the fiscal year 2026.

Previous Announcement: The National Gas and Industrialization Holding Company (GASCO) announces an update regarding the signing of an interest purchase agreement to acquire 50% of the share capital of JACO Gases, for a total value of SAR 125,000,000, following the capital increase.

Date of Previous Announcement on Saudi Exchange’s Website: 2026-04-29 Corresponding to 1447-11-12

Hyperlink to the Previous Announcement on the Saudi Exchange Website: Click Here

Latest Developments Of The Announced Event: Completion of all regulatory and legal procedures related to acquiring a 50% stake in Jaco Gases.

The costs associated with the event, and if they have changed or not with indication of the reasons.: N/A