Saudi Basic Industries Corp. (SABIC) announced on Wednesday that it has initiated a review of strategic options for its subsidiary, National Industrial Gases Co. (GAS), including the potential for an initial public offering (IPO) and listing on the Saudi Exchange’s Main Market.
The evaluation aligns with SABIC’s strategic priorities to optimize its business portfolio and focus on core operations, aiming to enhance financial strength and shareholder value, the company said in a statement published on Tadawul.
SABIC emphasized that the study is still ongoing, and that each option is subject to financial, technical, regulatory, and market considerations. Any decision to proceed with an IPO will require the necessary regulatory approvals and will depend on prevailing market conditions.
In a related disclosure, National Gas and Industrialization Co. (GASCO) confirmed it is also evaluating strategic alternatives for its investment in GAS, including a possible IPO and listing.
GASCO stated that the review is part of its broader efforts to maximize shareholder value, and noted that all options remain under evaluation, pending financial, legal, and technical assessments and subject to regulatory approvals and market readiness.
