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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
| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement made by the National Shipping Company of Saudi Arabia (Bahri) on 18/05/1444H corresponding to 12/12/2022 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 building various models of vessels; The company announces that it has been agreed with Ajlan & Bros Holding Group on 21/01/1445H corresponding to 08/08/2023 to extend this memorandum for an additional six months from the expiration date with the same previous terms and conditions. |
| Previous Announcement | The National Shipping Company of Saudi Arabia (Bahri) has signed 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 Tadawul's Website | 2022-12-12 Corresponding to 1444-05-18 |
| Percentage of fulfilled achievement | N/A |
| Event's Expected Completion Date | 11/12/2023 |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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