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- Saudi bank lending hits record $788bn as corporate loans surge
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05/02/2015 09:37 AST
Saudi Arabia's gas company said on Wednesday it will soon end a shortage in the kingdom.
The shortage of gas cylinders, used for cooking, in Jeddah and nearby cities has pushed up prices to 100 riyals in the black market from 15 riyals, the standard price of the cooking gas in the kindgom, according to local Saudi newspapers.
National Gas and Industrial Co (GASCO) expects in a few days to meet gas needs, GASCO's chief executive said.
The company's newly appointed CEO Eyas al-Hajeri told Al Arabiya television that state oil giant Saudi Aramco has halted scheduled maintenance work at a refinery to help meet demand.
State owned GASCO is in charge of transporting, filling and marketing liquified petroleum gas (LPG) in Saudi Arabia as well as marketing gas cylinders.
"Yesterday there was an increase in production which was higher than average, if this continues and I hope production will continue or rise in the coming few days to meet the shortage," he said.
Petrochemicals companies in the kingdom, including Saudi Basic Industries Co (SABIC) RIC which use gas as a feedstock have said the gas shortage has limited their expansion plans.
Saudi Aramco is extensively looking for gas to meet rising demand for electricity and water.
Reuters
20/01/2016
A consortium of Saudi Arabia's Acwa Power and South Korea's Taekwang Power Holdings has signed a $2.2 billion thermal power plant investment agreement with Vietnam, Acwa Power said on Tuesday.
Trade Arabia
16/06/2015
The Board of Directors of National Gas and Industrialization Co. has recommended the distribution of dividend to the shareholders for the period The second quarter of fiscal year 2015 as following:
Tadawul
15/09/2014
The Board of Directors of National Gas and Industrialization Co. has recommended the distribution of dividend to the shareholders for the period The third quarter of financial year 2014 as following:
Tadawul
| Ticker | Price | Volume |
|---|---|---|
| RIBL | 29.20 | 3,343,315 |
| MAADANIYAH | 18.10 | 371,342 |
| SAUDIELECTRICITY | 17.32 | 1,083,445 |
| AQASEEM | 50.50 | 1,483 |
| JAZADCO | 13.34 | 159,758 |
| ASM | 3.67 | 1,570,976 |
| SIIS | 0.68 | 3,956,180 |
| Ticker | Price | Change |
|---|---|---|
| TAQA | 3.12 | 0.00 (0.00 |
| ACWAPOWER | 394.80 | 3.20 (0.81 |
| DEWA | 2.67 | 0.05 (1.90 |
| SAUDIELECTRICITY | 17.32 | 0.02 (0.11 |
| EMPOWER | 1.75 | -0.01 (-0.57 |
06/02/2025
Saudi utility giant ACWA Power has signed two agreements with Aramco to accelerate the deployment of renewable energy projects and evaluate the performance of vanadium flow batteries in the Kingdom's
Arab News
05/02/2025
Al Rajhi Bank, a pioneer in innovative banking solutions in Saudi Arabia, has announced a strategic partnership with RATL Technology, the owner of Muhide fintech platform, to digitally empower and fi
Saudi Gazette
14/09/2024
RIYADH: Saudi master developer Emaar The Economic City's SR8.7 billion ($2.32 billion) capital optimization plan is a "strategic response" to its current financial challenges, according to its CEO. <
Saudi Gazette
12/09/2024
Saudi wheat flour producer Arabian Mills for Food Products Co. has set its final initial public offering price at SR66 ($17.59) per share on the Tadawul main market. During the book-building proces
Arab News
04/05/2018
SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.
Saudi Gazette
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia