Abdullah Hashim Industrial Gases & Equipment Co. Ltd. (AHG)―Air Products’ merchant industrial gas joint venture in the Kingdom of Saudi Arabia today announced the acquisition of Air Liquide Al Khafrah Industrial Gases (ALKIG), Air Liquide’s industrial merchant gases business in the Kingdom of Saudi Arabia, including liquid bulk, packaged gases and specialty gases. Financial terms are not being disclosed.

Commenting on the acquisition, Mr. Khalid Hashim, managing director, AHG said: “We are proud to have Air Products as our partner in the Kingdom. The relationship between our companies has never been stronger and continues to thrive. In acquiring this business from Air Liquide, we strengthen our capabilities even further and as we continue to grow, our customers will reap the benefits in service from a passionate local business with a strong global partnership. We welcome the talented and dedicated people who have joined our organization and the enthusiasm and expertise they bring to serving our customers.”

“This acquisition, through AHG, supports our continued growth strategy for the region and builds on decades of experience working alongside and serving customers in the Middle East,” commented Mr. Hamid Sabzikari, vice president and general manager, Air Products Industrial Gases Middle East, Egypt and Turkey.

In January 2022, Air Products successfully concluded the acquisition of Air Liquide’s industrial merchant gases business in United Arab Emirates, including liquid bulk, packaged gases and specialty gases; and Air Liquide’s majority share in Middle East Carbon Dioxide W.L.L. (MECD), for a liquid carbon dioxide production facility in Bahrain. Air Products continues to demonstrate its commitment to the Middle East, growing its industrial gas business, expanding regional capabilities and strengthening product sourcing and reliability to better serve customers.

About Air Products

Air Products (NYSE:APD) is a world-leading industrial gases company in operation for over 80 years. Focused on serving energy, environment and emerging markets, the Company provides essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemical, metals, electronics, manufacturing, and food and beverage. Air Products is also the global leader in the supply of liquefied natural gas process technology and equipment. The Company develops, engineers, builds, owns and operates some of the world's largest industrial gas projects, including: gasification projects that sustainably convert abundant natural resources into syngas for the production of high-value power, fuels and chemicals; carbon capture projects; and world-scale low- and zero-carbon hydrogen projects supporting global transportation and the energy transition.

The Company had fiscal 2021 sales of $10.3 billion from operations in over 50 countries and has a current market capitalization of over $55 billion. More than 20,000 passionate, talented and committed employees from diverse backgrounds are driven by Air Products’ higher purpose to create innovative solutions that benefit the environment, enhance sustainability and address the challenges facing customers, communities, and the world. For more information, visit airproducts.com or follow us on LinkedIn, Twitter, Facebook or Instagram.

About Abdullah Hashim Industrial Gases & Equipment (AHG)

Abdullah Hashim Industrial Gases & Equipment Co. Ltd. is one of the leading merchant industrial gas manufacturers and suppliers in the Kingdom of Saudi Arabia. In the 1940’s AHG was initially founded as a metalworking operation and as this operation grew, it led to the placement of the first Oxygen plant, at the first shipyard in Jeddah, Saudi Arabia.

Since AHG’s official establishment in 1954, the company shifted its focus from metalworking to becoming the safest and most reliable supplier of gases, gas related equipment, and gas services in the Kingdom. AHG still maintains its roots through its welding division where the company provides welding equipment and supplies to the market, and through the years AHG has also added a refrigerant gas division to its portfolio. In pursuit of AHG’s vision, Air Products became AHG’s international partner and shareholder for over 10 years. The successful partnership has been reinforced through shared values.

About Air Liquide

A world leader in gases, technologies and services for Industry and Health, Air Liquide is present in 75 countries with approximately 6,400 employees and serves more than 3.8 million customers and patients. Oxygen, nitrogen and hydrogen are essential small olecules for life, matter and energy. They embody Air Liquide’s scientific territory and have been at the core of the company’s ctivities since its creation in 1902.
Taking action today while preparing the future is at the heart of Air Liquide’s strategy. With ADVANCE, its strategic plan for 2025, Air iquide is targeting a global performance, combining financial and extra-financial dimensions. Positioned on new markets, the roup benefits from major assets such as its business model combining resilience and strength, its ability to innovate and its echnological expertise. The Group develops solutions contributing to climate and the energy transition—particularly with ydrogen—and takes action to progress in areas of healthcare, digital and high technologies.
Air Liquide’s revenue amounted to more than 23 billion euros in 2021. Air Liquide is listed on the Euronext Paris stock exchange compartment A) and belongs to the CAC 40, CAC 40 ESG, EURO STOXX 50 and FTSE4Good indexes.