09/10/2026 09:48 AST

Saudi Arabia-based GAS Arabian Services Company has announced that it has secured a key contract from the Saudi Power Procurement Company (Principal Buyer) for the establishment of a Sales Gas Delivery System at Ghazlan 1.

The contract's value exceeds 20% of the company's total revenues for the financial year 2025 (excluding VAT), said GAS Arabian Services in its filing to Saudi bourse Tadawul.

Based on the company's published results, the contract is worth more than SAR288 million ($76.8 million).

Under the contract, GAS Arabian Services will be responsible for the engineering, procurement, supply and delivery of all required equipment and materials, as well as the construction, installation, testing and commissioning of the Sales Gas Delivery System for Ghazlan 1, it stated.

A leading provider of solutions for the integrated energy, petrochemical and power sector, GAS said this award further strengthens its involvement in Saudi Arabia's power and energy infrastructure sector and supports the development of gas supply infrastructure for the Ghazlan 1 facility.


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EIC 13.30 -0.47 (-3.42%)
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