Jaz Arabian Secures Aramco Gas Supply Contract Worth Over SAR 109 Million

Jaz Arabian Services announced it has received a new purchase order from Saudi Aramco worth over SAR 109 million, as part of a long-term agreement to supply gas platforms over 21 months.

This move strengthens Jaz Arabian's position as a strategic supplier to the world's largest oil company.

The company disclosed on Tadawul that the contract, dated December 24, 2025, extends its collaboration with Aramco in specialized gas solutions and services.

The contract value exceeds 10% of Jaz Arabian’s 2024 revenue of SAR 1.093 billion, ensuring monthly estimated revenue of SAR 5-7 million during 2026-2027.

The company expects a positive impact on its financial statements for 2026 and 2027, with the contract contributing an estimated SAR 11-15 million in net profit over the duration.

This deal follows two previous Aramco contracts signed in May 2024 worth SAR 761 million, bringing total announced contracts with Aramco in 2024-2025 to over SAR 870 million.

The contracts align with Aramco’s expansion in non-associated gas projects, particularly at the Jafurah field, supporting Saudi Arabia’s strategy to boost local gas production.

Following the announcement, Jaz Arabian’s stock gained 3.5% to close at SAR 13.61, though it has declined 16.26% since the start of the year.

The company has shown exceptional growth since 2021, with revenues rising from SAR 386 million in 2021 to SAR 1.093 billion in 2024 (+183% over 3 years), and net profit increasing from SAR 60 million to SAR 114 million (+90%), despite a narrowing profit margin.

Operating cash flow turned from a deficit of SAR 8 million in 2021 to a surplus of SAR 193 million in 2024, and cash reserves reached SAR 172.7 million by year-end 2024.

Jaz Arabian (ticker: 4146) is a Saudi-listed company specializing in gas and energy solutions, with 51% of revenue from technical services, 42% from commercial operations, and 7% from manufacturing.

The company’s strong cash position and ongoing Aramco contracts provide revenue visibility and financial flexibility for future expansion, though risks remain from client concentration and rising liabilities.