TAQA Arabia announced completing the procedures for establishing a limited liability company in Saudi Arabia, the company said in a disclosure to the Egyptian Exchange (EGX).

The company is established in cooperation with Natural Gas Distribution Company, a Saudi joint stock company, under the name of First Gas Company Limited and paid in capital of Saudi Company’s is SAR 500,000.

TAQA Arabia represents 50% of the shares in the capital, for the purpose of extending, maintaining and repairing oil and gasoil and gas pipelines and transporting natural gas through pipelines.