Air Liquide (AL) announced the sale of its Industrial Merchant business in Saudi Arabia to Abdullah Hashim Industrial Gases & Equipment, which is Air Products’ Merchant Industrial Gas Joint Venture in Saudi Arabia. This transaction includes AL’s share in Air Liquide Khafra Industrial Gases (ALKIG).
This divestment, which complements the sale announced in April of AL’s Industrial Merchant business in the United Arab Emirates and Bahrain to Air Products, is immaterial with regards to the overall portfolio of AL 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.
AL 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.