23 JAN 2022
|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.