Bawan Company announced that Petronash Arabia Co. Ltd, a subsidiary of Petronash Holding Co., secured a significant purchase order from Saudi Aramco. The order, worth approximately SAR 832 million, covers the supply of specialized gas well products.
This marks the third purchase order under a long-term agreement between Petronash Arabia and Saudi Aramco, Bawan said in a Tadawul statement. The contract focuses on delivering specialized products tailored for gas wells.
Deliveries are scheduled from October 2025 to August 2026. Bawan anticipates that this will positively impact its financial results in 2025 and 2026.
Acquisition of Petronash Holding
In October 2024, Bawan signed a Sale and Purchase Agreement to acquire Petronash Holding Ltd. for $175 million (approximately SAR 656 million). This strategic move aims to enhance Bawan’s presence in the oil and gas sector.
By December 2024, Bawan received clearance from the General Authority for Competition (GAC) to proceed with the acquisition. This approval enables Bawan to integrate Petronash’s operations fully.
This substantial order from Saudi Aramco underscores Bawan’s commitment to expanding its footprint in the energy sector. The acquisition of Petronash Holding is expected to strengthen Bawan’s capabilities in providing specialized solutions for the oil and gas industry.
