14 FEB 2024
| Element List | Explanation |
|---|---|
| Previous Announcement | The National Shipping Company of Saudi Arabia (Bahri) has announced the latest update about the signing of a non-binding Memorandum of Understanding with Ajlan & Bros Holding Group (ABHG) to discuss ways of partnering to establish a new joint venture company that will specialize in building various models of vessels. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2023-08-08 Corresponding to 1445-01-21 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | With reference to the announcement made by the National Shipping Company of Saudi Arabia (Bahri) on 21/01/1445H corresponding to 08/08/2023 regarding the signing of a non-binding Memorandum of Understanding with Ajlan & Bros Holding Group (ABHG) to discuss ways of partnering to establish a new joint venture company that will specialize in owning and operating various types of vessels;
Accordingly, the company announces that it continues to discuss ways of partnership in the pursuit of mutual goals with Ajlan & Bros Holding Group. Accordingly, it has been agreed to extend this memorandum with the same previous terms and conditions. The MoU will be automatically extended at expiry of each term, unless either party gives due advance notice to the other for termination. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |