Air Liquide Divests Its Industrial Merchant Business in Saudi Arabia
Air Liquide announces the sale of its Industrial Merchant business in Saudi Arabia to Abdullah Hashim Industrial Gases & Equipment Co. Ltd., Air Products’ Merchant Industrial Gas Joint Venture in Saudi Arabia. This transaction includes Air Liquide’s share in Air Liquide Khafra Industrial Gases (ALKIG).
This divestment, which complements the sale announced in April of Air Liquide’s Industrial Merchant business in the United Arab Emirates and Bahrain to Air Products group, is immaterial with regards to the overall portfolio of Air Liquide in the Africa Middle East and India region. It is part of the Group’s strategy to regularly review its asset portfolio and focus on selected fast developing areas and activities.
As a consequence of this divestiture, the 228 employees of this activity are now integrated within the Abdullah Hashim Industrial Gases & Equipment Co. Ltd. organization.
Air Liquide is well-positioned to further grow its already strong presence in the Gulf Cooperation Council (GCC) region, in particular in Saudi Arabia, in Large Industries and Healthcare businesses, and pursue the many opportunities emerging with clean Hydrogen and Energy Transition.
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