2025 Annual Report

From Nomu to TASI

A JOURNEY OF BALANCED EXPANSION

Theme of the Year

From Nomu to TASI
A JOURNEY OF
BALANCED EXPANSION

GAS Arabian Services’ journey through 2025 was defined by disciplined execution and a measured step-up to the Saudi Exchange Main Market. Approval to transfer was granted on 16 September 2025, with trading commencing on 9 October 2025 under ticker 4146.
Amid rising activity across the Kingdom’s gas, power, and industrial sectors, we advanced our integrated model in Technical Services, Trading, and Manufacturing to convert opportunity into dependable outcomes. By pairing governance maturity with operating rigor, we strengthened backlog quality, deepened customer partnerships, and reinforced the capabilities that sustain reliable, lower-carbon, in-Kingdom growth.

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NOMU
TASI

Our Story

Since 1992, GAS Arabian Services has evolved from a trading office in
Dammam into a comprehensive technical solutions provider for Saudi
Arabia’s most demanding sectors, offering integrated technical services,
industrial trading, and manufacturing.

Our Mission

To conceive and deliver full spectrum,
customized solutions for our clients,
helping them thrive through
exceptional products, services and
specialized labor.

Our Vision

To drive industrial success in our region through superior dedication, dynamic partnerships and innovative thinking, enhancing our country’s capabilities on the world stage.

Our Mission

To conceive and deliver full-spectrum, customized solutions for our clients, helping them thrive through exceptional products, services and specialized labor.

Our Vision

To drive industrial success in our region through superior dedication,dynamic partnerships and innovative thinking, enhancing our country’s capabilities on the world stage.

Our Values

Innovation
Reliability
Teamwork
Passion
Integrity
Respect
we welcome new ideas and continuous improvement across engineering, supply and manufacturing.

Business Segments

GAS executes end-to-end scopes through three operating segments: Technical Services, Trading and Manufacturing giving customers single-partner accountability from engineering and procurement to fabrication, commissioning and lifecycle maintenance.
Our three-segment model provides breadth of capability close to customer operations:

2.8% 33.3% 63.9%
Trading
Technical
Services
Manufacturing
Revenue Mix (Contribution to Total Revenue)

Technical Services

Technical Services

Project Management / EPC, LSTK & LSPB: GAS acts as an experienced contractor across EPC/LSTK/LSPB delivery, with 70+ projects executed for major industrial clients including Saudi Aramco, SABIC, Saudi Electricity Company, Ma’aden, Marafiq and others. Capabilities span pipelines (oil, gas, water) and pumping stations, in-plant piping construction, process and utility plants, gas compression plants, and full construction management. The division deploys PMP-qualified and Aramco-certified personnel, and is recognized for millions of injury-free hours with LTI rates consistently below industry averages.
Field Services & Manpower: GAS supplies multi-disciplinary manpower (process, rotating equipment, reliability/RCM/RBI, QA/QC, planners and analyzer technicians) and executes shutdowns/turnarounds, plant retrofits and modifications, dismantling/relocation, electrical & instrumentation LSTK works, and rotating-equipment overhauls (turbines, compressors, pumps and other critical assets).
Shutdown & Plant Services: Static services include mechanical and rotary technicians, welders/fabricators, scaffolders, GRP and electrical specialists; rotating services cover alignment, overhauls, balancing, bolt torquing/tensioning and diving works, including overhauling of steam turbines, centrifugal/reciprocating compressors, expanders, blowers/fans and critical pumps.
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Trading

Trading

Instrumentation & Electrical: GAS delivers state-of-the-art solutions in pressure, flow, level, temperature; gas and liquid analyzers (including CEMS); wireless/IIoT and industrial connectivity, supported by specialist product principals such as Yokogawa, SKF, Weidmüller and WIKA. The portfolio addresses demanding process-control applications where reliability, connectivity and accuracy are critical.
Mechanical & Chemical: Through a wide international partner network, GAS supplies rotating and static equipment across pumps, compressors, blowers, valves, heat exchangers and steam traps, along with solutions for decarbonization and carbon-capture applications. Representative principals include Elliott Group, Sundyne, FS-Elliott, Trillium Flow Technologies (Valves), Armstrong International, SPX FLOW, ELGi and Quaker Houghton. Customers receive 24/7 technical support to minimize downtime.
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Manufacturing

Manufacturing

GAS Metal Tech (GMT) is a business segment of GAS Arabian Services Company which provides specialized manufacturing and fabrication solutions to the Kingdom’s industrial sector. GMT operates two fully equipped fabrication facilities strategically located in the Eastern Province: a 30,000 sqm flagship facility in Dammam at King Abdulaziz Port, and a 12,000 sqm facility in Jubail, enhancing capacity and proximity to major industrial clients.
GMT delivers end-to-end capabilities including design, fabrication, assembly, testing, and inspection of modular skids, pressure vessels, piping spools, and structural steel for oil & gas, petrochemical, power, and industrial projects. This segment serves leading clients such as Saudi Aramco, SABIC, Saudi Electricity Company, Schlumberger, and Sipchem, and operates in compliance with ISO and ASME standards, ensuring consistent quality, safety, and reliability.
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Financial Highlights

2024
2025
Revenue
31.8%
1093مليون
1,440.3مليون
EPS
32.3%
0.72
0.96
Gross Profit
31.2%
172.4مليون
226.2مليون
Cash Flow
58.0%
193.1مليون
81.2مليون
Operating Profit (EBIT)
34.5%
110.7مليون
149.0مليون
Capital Expenditure (Capex)
5.8%
61.4مليون
57.9مليون
Net Profit
32.3%
113.9مليون
150.8مليون

2025

Annual Report