Air Products to Buy 25% Stake in Gases Businesses of Abdullah Hashim

Air Products & Chemicals announced it has agreed to acquire a 25% stake in the gases and equipment businesses of Abdullah Hashim Industrial Gases & Equipment. The transaction is subject to regulatory approval and customary local closing conditions. Financial terms are not being disclosed.

AHG is a company of the privately-owned Abdullah Hashim Group, based in The Kingdom of Saudi Arabia.

AHG has three main production locations in Dammam, Jeddah and Riyadh, plus distribution centers at key locations across The Kingdom. AHG also has a purchase agreement with National Industrial Gases Companyat Jubail and Yanbu for liquid products.