23 JAN 2022
| ELEMENT LIST | EXPLANATION |
|---|---|
| Previous Announcement | The National Shipping Company of Saudi Arabia (Bahri) announces the completion of an agreement with the saline water conversion corporation (SWCC) |
| Date of Previous Announcement on Tadawul's Website | 2019-12-17 Corresponding to 1441-04-20 |
| Percentage of fulfilled achievement | Not applicable |
| Event's Expected Completion Date | Fourth quarter of 2022 |
| 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 cost remains unchanged (Nearly SAR 760 million). |
| Impact of the Delay on the Company's Financial Results | No financial impact resulted from this delay |
| Additional Information | - The trial commissioning of the first barge has started today near the Port of Al Shuqaiq located on the western coast of the Kingdom of Saudi Arabia.
- Barges will be transported as per the needs of regions across the Kingdom.
- The barges will ensure consistently high availability levels and compliance with all applicable international and local codes and standards.
- Any further material development it will be announced to the market in due course. |