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The Saudi Natural Gas Distribution Company will establish a company in Saudi Arabia with Qalaa Holdings’ Taqa Arabia, it said in a disclosure to the Saudi stock exchange. Yet, the disclosure did not reveal any details.
Furthermore, the two sides signed MoU last year to explore ways to develop and operate gas distribution services in the country.
However, the Saudi company said the agreement, signed on 6 September, is aimed at supporting its expansion plans and boosting profitability, in a disclosure to the Saudi stock exchange.
