National Gas and Industrialization Co. Announces an update on National Gas and Industrialization Co. announces latest development on signing a non-binding Memorandum of Understanding with Bahri to discuss ways of cooperation in partnering to establish a company that operates in land transportation and logistics services.
- Date: 26-May-2024
- Source: Mubasher
- Sector:Oil & Gas
- Country:Saudi Arabia
National Gas and Industrialization Co. Announces an update on National Gas and Industrialization Co. announces latest development on signing a non-binding Memorandum of Understanding with Bahri to discuss ways of cooperation in partnering to establish a company that operates in land transportation and logistics services.
Element List
Explanation
Introduction
Further to the National Gas and Industrialization Co.’s announcement on 03/10/2023 corresponding to 18/03/1445H, regarding the signing of a non-binding Memorandum of Understanding with Bahri to discuss ways of cooperation in partnering to establish a company that operates in land transportation and logistics services. The company announces the termination of the Memorandum of Understanding by mutual agreement due to the infeasibility of establishing a company for land transport and logistical services after conducting necessary studies.
Previous Announcement
National Gas and Industrialization Co. announces latest development on signing a non-binding Memorandum of Understanding with Bahri to discuss ways of cooperation in partnering to establish a company that operates in land transportation and logistics services.
Date of Previous Announcement on Saudi Exchange’s Website
2023-10-03 Corresponding to 1445-03-18
Hyperlink to the Previous Announcement on the Saudi Exchange Website
Click Here
Latest Developments Of The Announced Event
Termination of the memorandum of understanding by agreement of both parties due to the lack feasibility of establishing a company operating in the activity of land transport and logistical services for both parties, after conducting the necessary