News & insight

The National Shipping Company of Saudi Arabia (Bahri) announces the latest developments of the joint venture (National Grain Company)

30 DEC 2021

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.