News & insight

The National Shipping Company of Saudi Arabia (Bahri) announces signing a non-binding Memorandum of Understanding with Ajlan & Bros Holding Group (ABHG)

12 DEC 2022

Memorandum Signing Date 12-12-2022 Corresponding to 18-05-1444
Counterparty Ajlan & Bros Holding Group (ABHG)
Memorandum Subject To discuss ways of partnering to establish a new joint venture company that will specialize in owning and operating various models of vessels.
Memorandum Duration 6 months from the date of signing the MoU and can be extended.
Related Parties N/A
Financial Impact The financial impact cannot be currently determined.