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Gas Arabian Services Co's Board Approves Voluntary Liquidation of JV

MT Newswires·09/22/2026 10:38:11
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10:38 AM EDT, 09/22/2026 (MT Newswires) -- Gas Arabian Services Co (SASE:4146) said Tuesday its board approved the start of voluntary liquidation proceedings for its 40%-owned joint venture Elster Instromet Saudi Arabia. The decision follows a mutual agreement between the multi-industry engineering services company and its partner Elster to cease business operations and liquidate the joint venture's assets. The process is not expected to yield a material financial impact on Gas Arabian Services Co's financial statements.