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National Gas and Industrialization Company (GASCO)

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National Gas and Industrialization Company (GASCO)
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The National Gas and Industrialization Company (GASCO) is a Saudi joint-stock company operating in the field of Liquefied Petroleum Gas (LPG) in the Kingdom of Saudi Arabia. It was established in 1963 through the merger of the National Gas Company in​ Dammam and its two branches in Riyadh and Jeddah with the Saudi Gas and Manufacturing Company in Riyadh and its Dammam branch in 1975. In the early 1970s, several small companies and institutions were established to fill and distribute gas. However, intense competition led to a decline in service quality and inconsistent gas availability. This situation prompted the government to intervene and decide to merge these companies and institutions with the National Gas and Industrialization Company (GASCO) at the end of 1975.

The National Gas and Industrialization Company is listed on the Saudi Stock Exchange 'Saudi Tadawul' in the main market under the utility sector. It trades under the name 'GASCO', symbol (2080), and International Securities Identification Number (ISIN) (SA0007879196). The company has a capital of SAR750 million.

Company's activities

The activities of the National Gas and Industrialization Company (GASCO) include filling and marketing a mixture of Liquefied Petroleum Gas, conducting wholesale and retail sales of metal and iron pipes, and managing the sale, transportation, distribution, and marketing of filled and unfilled gas cylinders and tanks on a wholesale or retail basis.

The National Gas and Industrialization Company adheres to international standards for delivering Liquefied Petroleum Gas from its facilities to various regions across the Kingdom. The company is committed to operational excellence and innovation in the energy sector.

Company plans

The plans of the National Gas and Industrialization Company (GASCO) include becoming a leader in providing gas solutions, contributing to the growth and innovation of the sector, and leveraging its capabilities and resources. The company aims to maintain effective operations, harness exceptional talent, and focus on customer satisfaction to place customers at the forefront of its operations.