Gas Arabian Services Co. Announces Board'S Resolution For The Voluntary Liquidation Of Its Joint Venture Company, Elster Instromet Saudi Arabia Ltd

Announcement Detail: GAS Arabian Services Co. (GAS) announces the Board's Resolution on 22/09/2026 (corresponding to 11/04/1448), approving the start of the voluntary liquidation procedures of its joint venture, Elster Instromet Saudi Arabia Company Limited in which GAS holds 40% Stake.

This decision is part of GAS’s ongoing review of its investments and assessment of the position and procedures of its joint ventures. It aligns with GAS’s approach to managing and enhancing the efficiency of its investments in its joint ventures, arising from a mutual agreement between the partners (GAS and Elster NV/SA) to cease business operations and liquidate the joint venture’s assets.

The partners will undertake all necessary statutory procedures to complete the liquidation process in accordance with the applicable laws and regulations.

The liquidation is not expected to have a material financial impact on GAS’s financial statements. Any financial impact will be reflected in the Company’s consolidated financial statements upon completion of the liquidation process.