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FUELING

THE FUTURE

ANNUAL REPORT 2023

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ABOUT GASCO

National Gas and Industrialization Co. (GASCO) was incorporated in 1963 G (1383 H) via the merger of National Gas Company in Dammam and Saudi Manufacturing and Gas Company in 1975 G (1395H).

GASCO has become a leading company in manufacturing Liquefied Petroleum Gas (LPG) all over the Kingdom of Saudi Arabia.

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CHAIR’S FOREWORD

Eng. Abdulaziz Fahad A.Alkhayal

Eng. Abdulaziz Fahad A.Alkhayal

Chairman of the Board of Directors

That is a
challenge that
we welcome.

Our business fundamentals are strong, and we are trusted by our customers to deliver the benefits and values that they need. This provides a strong foundation for our future growth.

FUELING THE FUTURE

FUELING

THE FUTURE

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Financial performance

Revenue reached

2,458 M

riyals in 2023

2022 2023
increase in revenue from Engineering Support Projects

73 %

increase in
revenue from
Engineering
Support Projects

100 %

distributor
service through
our electronic
portal

113 M

cylinders
filled