Bahri Announces Latest Developments of Its Agreement with SWCC

The National Shipping Company of Saudi Arabia (Bahri) announced on Sunday the completion of an agreement with the saline water conversion corporation (SWCC), indicating that it was taken into account in the design that the barges will be transported as per the needs of regions across the Kingdom..

Bahri added that the barges will ensure consistently high availability levels and compliance with all applicable international and local codes and standards.

The company indicated on Tadawul on Sunday that 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 SR760 million). No financial impact resulted from this delay.

Any further material development it will be announced to the market in due course, the company concluded.