/ Industrial Security & Shared Services: Safety First
Our key interactions span external bodies such as Ministry of Energy,
The High Commission for Industrial Security, and the National Center for Environmental Compliance, as well as internal stakeholders like the Operations and Transport divisions. The implementation of comprehensive emergency plans involves collaboration with various entities, including the High Commission for Industrial Security and Civil Defense.
This has been achieved through collaboration, a commitment to safety and compliance, and a focus on environmental protection. The Division also is responsible for supporting our supply chains, ensuring that we drive efficiency whilst also supporting other Saudi Arabian businesses, in line with Vision 2030. Our clear vision enables us to identify and manage risks and promote employee and contractor cooperation to prevent losses and preserve the environment.
Shared Services conducts annual drills to evaluate readiness and trains to handle emergencies, aligning with the company’s commitment to asset protection and environmental stewardship across all sites. The focus extends to achieving excellence in supply chain management through adherence to professional practices, transparency, and quality.
The division is dedicated to creating a supportive and motivating work environment for employees. Additionally, meticulous attention is given to securing all necessary licenses and certificates for the facility, covering building, restoration, commercial, operational, environmental, and industrial requirements.
/ Industrial Security & Shared Services: Safety First
Achievements
Security projects were completed, including updating the security systems in the Qassim and Madinah branches, and developing fire systems in all company facilities.
Throughout the fiscal year, Gasco also made significant strides in improving operational efficiency and financial management. Our strategic focus on cost effectiveness resulted in cost savings of over SAR 8.34 million on major deals during the year.
By embracing digital transformation, Gasco successfully implemented invoice delivery to the finance department through the Enterprise Resource Planning (SAP) system. Additionally, ongoing efforts include implementing invoices through Ariba, which plans for comprehensive coverage of all suppliers.
We are continuously improving our systems and processes, including making improvements to the SAP system, improving the authorization schedule, and improving procurement and contracting procedures.
/ Industrial Security & Shared Services: Safety First
Safety First
In 2023, the business also successfully attained ISO 45001 for Occupational Safety and Health Management and ISO 40001 for Environmental System Management.
This highlights our dedication to maintaining high standards in workplace safety and environmental responsibility.
Contributing significantly to shareholder value, the divisions actively protect GASCO’s assets by monitoring, investigating accidents, identifying root causes, and implementing corrective actions. In 2023, employees registered over 12,000 attendance hours for awareness and training materials and the business achieved a 100% closure rate for corrective actions on accidents.
/ Industrial Security & Shared Services: Safety First
Vision 2030
In line with Vision 2030, our supply chain work focuses on maximizing the impact of our spending by supporting only Saudi companies.
Our local content policy was developed and implemented this year, which will provide a new focus on the way we engage with local suppliers through the purchase of goods and services.