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National Gas And Industrialization Company JSC (Saudi Arabia)

Main Activities: Metal Tank (Heavy Gauge) Manufacturing | Other Motor Vehicle Parts Manufacturing
Full name: National Gas And Industrialization Company JSC Profile Updated: January 30, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

National Gas & Industrialization Co. was founded in 1383 H. (1963) as a result of the merger of Dammam based National Gas Co. with its two branches in Riyadh and Jeddah and the Saudi Gasco Industrialization Co. based in Riyadh with its branch in Dammam . During the early Nineties Higra ( early seventies ) other small scale companies and establishments had been established for filling and distribution of L.P. Gases.
The government decided to merge all existing companies and establishments at that time with the National Gas & Industrialization Co. (Gasco ) at the end of 1395 H. (1975).
It engaged in the distribution of gas through a network of filling stations across Saudi Arabia. The Company's main activities are transporting, filling and marketing liquefied petroleum gas , as well as the marketing of empty cylinders and tanks and their accessories. It carries out piping and tank's installations. Its products portfolio falls into four types: Liquid gas, which includes regular gas, propane gas and butane gas; Tanks, which includes surface tanks and buried tanks; Cylinders, which includes steel cylinders and light weight cylinders specification, and flow controllers, which includes tanks flow control and cylinders flow control.

Headquarters
Al- Olaya North Of King Fahad Medical City, Prince Abdulaziz Bin Musaid Bin Galawi Street, Building No. 331, P.O.Box 564
Riyadh; Al-Riyadh; Postal Code: 11421

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Website: http://www.gasco.com.sa

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
1963
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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6.66%
Subsidiaries
Natural Gas Distribution Company Closed Joint Stock Company
35%
Best Gas Distributor Company
Gas Solutions Company
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency SAR. Absolute financial data is included in the purchased report.
Net sales revenue
19.33%
Total operating revenue
19.33%
Operating profit (EBIT)
20.3%
EBITDA
22.35%
Net Profit (Loss) for the Period
15.89%
Total assets
6.82%
Total equity
12.85%
Operating Profit Margin (ROS)
0.05%
Net Profit Margin
-0.3%
Return on Equity (ROE)
0.27%
Debt to Equity Ratio
-3.06%
Quick Ratio
-0.49%
Cash Ratio
-0.17%

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