{"id":102481,"date":"2025-11-16T00:00:00","date_gmt":"2025-11-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/11\/16\/indias-igl-taps-saudi-market-with-masah-gas-partnership\/"},"modified":"2025-11-16T00:00:00","modified_gmt":"2025-11-16T00:00:00","slug":"indias-igl-taps-saudi-market-with-masah-gas-partnership","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/11\/16\/indias-igl-taps-saudi-market-with-masah-gas-partnership\/","title":{"rendered":"India\u2019s IGL Taps Saudi Market with Masah gas partnership"},"content":{"rendered":"

\n

EXPANSION-<\/p>\n

India\u2019s IGL enters Saudi Arabia through Masah partnership:<\/strong> Indraprastha Gas Ltd<\/a> (IGL) inked a strategic pact with Saudi Arabia\u2019s Masah Construction Company<\/a> to co-develop natural gas distribution networks across key industrial cities in the kingdom, according to a disclosure<\/a> to the Indian bourse. <\/p>\n

IGL runs a 28k km-long gas pipeline across major Indian cities,<\/strong> including the New Delhi National Capital Region, fueling 2.1 mn vehicles through 950 stations and reaching 3 mn households, according to the Hindu Businessline<\/a>.<\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

\n

INVESTMENT WATCH-<\/p>\n

Saudi + Sri Lanka joint business council in the works: <\/strong>The Federation of Saudi Chambers and the Federation of Chambers of Commerce and Industry of Sri Lanka signed an MoU to establish a Saudi-Sri Lanka Joint Business Council, Sri Lanka Ambassador to Saudi Arabia Ameer Ajwad told Arab News<\/a> on Thursday. The council will bring together private sector representatives from both countries to boost cooperation, promote investment, and collaborate across several sectors, including tourism, technology, mining, manufacturing, and agriculture.<\/p>\n

\n

DISPUTE WATCH-<\/p>\n

#1- CMA\u2019s<\/strong> Appeal Committee for Resolution of Securities Disputes <\/strong>ordered three former<\/strong> Mohammad Al Mojil Group board members and employees to pay SAR 90.8 mn to 668 investors<\/strong>, CMA said in a statement<\/a> on Thursday. The case relates to a class action over the company\u2019s 2011 and early 2012 financial disclosures, which were later deemed inaccurate and misleading, creating a false picture of the firm\u2019s financial position.<\/p>\n

#2- <\/strong>SAR 14.5 mn fines for market violations:<\/strong> The Capital Market Authority (CMA) imposed fines totaling around SAR 14.5 mn on six investors and two investment companies for violating the Capital Market Law, Market Conduct Regulations, and Securities Business Regulations, CMA said in a statement<\/a> on Thursday. The violators include Diyar Altamlik Real Estate and Middle East Financial Investment, along with investors tied to Rawasi Albina Investment.<\/p>\n

\n

FINANCIAL SERVICES-<\/p>\n

Oud Capital<\/a><\/strong> secured approval from the Capital Market Authority (CMA) <\/strong>to begin <\/strong>operations in the Kingdom<\/strong>, allowing it to conduct investment management, operate funds, and provide advisory services in the securities business, according to a Tadawul disclosure<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

ALSO: Saudi and Sri Lanka form first joint business council<\/p>\n","protected":false},"author":1,"featured_media":102482,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2564],"tags":[54,1056,10],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-102481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-capital-market-authority-cma","tag-enterpriseam-ksa","wpautop","entry"],"acf":{"mongo_id":"57f30a42-709d-4da5-9aa5-6bfb5108c385","order":"11","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/11\/1100.jpg","photo_position":"above","homepage_title":"","full_issue_title":"India\u2019s IGL Taps Saudi Market with Masah gas partnership","related_issue":[102462],"teaser":"ALSO: Saudi and Sri Lanka form first joint business council","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/11\/.50e44fbf-13c2-40ec-a207-e86f82bcee5b.mp3"},"yoast_head":"\nIndia\u2019s IGL Taps Saudi Market with Masah gas partnership - 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