30 DEC 2021
| ELEMENT LIST | EXPLANATION |
|---|---|
| Previous Announcement |
The National Shipping Company of Saudi Arabia (Bahri) announces the joint venture (National Grain Company) |
|
Date of Previous Announcement on Tadawul's Website
|
2020-08-24 Corresponding to 1442-01-05 |
|
Percentage of fulfilled achievement
|
Not applicable |
|
Event's Expected Completion Date
|
Second half of 2023 |
|
Reasons for Exceeding the Announced End Date
|
Covid-19 constraints |
|
The costs associated with the event, and if they have changed or not with indication of the reasons.
|
The previously announced total project cost remains unchanged (Nearly USD 110 million). |
|
Impact of the Delay on the Company's Financial Results
|
No financial impact on the company |
| Additional Information | - Execution party will be selected during the first half of 2022 and it will be announced later
- Project start date will be during the first half of 2022. - 3-months pilot production to commence in second half of 2023. |