03 OCT 2022
| ELEMENT LIST | EXPLANATION |
|---|---|
| Memorandum Signing Date | 2022-10-03 Corresponding to 1444-03-07 |
| Counterparty | National Gas and Industrialization Co. |
| Memorandum Subject | To discuss ways of cooperation in partnering to establish a company that operates in land transportation and logistics services. |
| Memorandum Duration | 12 months from the date of signing the MoU and can be extended. |
| Related Parties | Public Investment Fund. Where it is one of the major shareholders of the two parties with an ownership of 22.55% of the shares of Bahri and 10.91% of the shares of GASCO as per the date of MOU announced above |
| Financial Impact | The financial impact cannot be currently determined. |