National Gas & Industerialization Co. announced that the Memorandum of understanding was signed based on Gasco's strategy and its experience in the gas supply chain, to strengthen its investments in gas supply chains. Memorandum Signing Date: October 3, 2022.

Memorandum Subject: To discuss ways of cooperation in partnering to establish a company that operates in land transportation and logistics services. Memorandum Duration: One calendar year from signing the MOU and can be extended. Related Parties: Public Investment Fund.

Where it is one of the major shareholders of the two parties with an ownership of 10.91% of the shares of GASCO and 22.55% of the shares of Bahri as per the date of MOU.