The National Shipping Company of Saudi Arabia (Bahri) announces the latest update about the signing of a non-binding Memorandum of Understanding with the National Gas and Industrialization Co. (GASCO) to discuss ways of cooperation in partnering to establish a company that operates in land transportation and logistics services

The National Shipping Company of Saudi Arabia (Bahri) announces the latest update about the signing of a non-binding Memorandum of Understanding with the National Gas and Industrialization Co. (GASCO) 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 Shipping Company of Saudi Arabia (Bahri) announcement of the latest update about the signing of a non-binding Memorandum of Understanding with the National Gas and Industrialization Co. (GASCO) 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 non-binding Memorandum of Understanding by agreement of both parties, due to the lack of feasibility to establish a company that operates in land transportation and logistics services for both parties, after conducting the necessary studies.

Previous Announcement

The National Shipping Company of Saudi Arabia (Bahri) announces the latest update about the signing of a non-binding Memorandum of Understanding with the National Gas and Industrialization Co. (GASCO) 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

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Latest Developments Of The Announced Event

Termination of the non-binding Memorandum of Understanding by agreement of both