The National Shipping Company of Saudi Arabia (Bahri) announces the latest update about the signing of a non-binding Memorandum of Understanding with Ajlan & Bros Holding Group (ABHG) to discuss ways of partnering to establish a new joint venture company that will specialize in building various models of vessels

The National Shipping Company of Saudi Arabia (Bahri) announces the latest update about the signing of a non-binding Memorandum of Understanding with Ajlan & Bros Holding Group (ABHG) to discuss ways of partnering to establish a new joint venture company that will specialize in building various models of vessels

14 February 2024 04:08 PM

BAHRI

4030

10.34%

24.96

2.34

Element List

Explanation

Previous Announcement

The National Shipping Company of Saudi Arabia (Bahri) has announced the latest update about the signing of a non-binding Memorandum of Understanding with Ajlan & Bros Holding Group (ABHG) to discuss ways of partnering to establish a new joint venture company that will specialize in building various models of vessels.

Date of Previous Announcement on Saudi Exchange’s Website

2023-08-08 Corresponding to 1445-01-21

Hyperlink to the Previous Announcement on the Saudi Exchange Website

Click Here

Latest Developments Of The Announced Event

With reference to the announcement made by the National Shipping Company of Saudi Arabia (Bahri) on 21/01/1445H corresponding to 08/08/2023 regarding the signing of a non-binding Memorandum of Understanding with Ajlan & Bros Holding Group (ABHG) to discuss ways of partnering to establish a new joint venture company that will specialize in owning and operating various types of vessels; Accordingly, the company announces that it continues to discuss ways of partnership in the pursuit of mutual goals with Ajlan & Bros Holding Group. Accordingly, it has been agreed to extend this memorandum with the same previous