Riyadh – Mubasher: National Gas and Industrialization Company (GASCO) said its subsidiary, the National Industrial Gases Company (GAS), agreed to distribute cash dividends for the fourth quarter (Q4) of 2020.
GASCO owns 9% of GAS’ capital and hence, it will receive SAR 50.4 million in cash dividends, according to a bourse disclosure on Monday.
The distributions’ material effect will reflect positively on GASCO’s financial results for fiscal year (FY) 2020.
GASCO’s total share of FY20 dividends amounted to SAR 63 million.
