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Announced

TAQA to acquire the remaining shares in Arabian Geophysical and Surveying Company.

Synopsis

TAQA, an international company headquartered in Dharan, agreed to acquire the remaining shares in Arabian Geophysical and Surveying Company, a geological service in Dhahran, Saudi Arabia. Financial terms were not disclosed. "In this transaction, which is aligned with TAQA's strategy, ARGAS becomes a fully-owned TAQA company, further accelerating synergies across our fully-owned businesses. We will further invest in ARGAS to leverage its surveying capabilities to access the region's natural resource and mining sectors," Khalid M. Nouh, TAQA CEO.

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