Tuesday, 29 November 2022

Bahri signs MoU with GASCO to establish a company that ‎operates in land transportation and logistics services

The National Shipping Company of Saudi Arabia (Bahri) announced the signing of a non-binding memorandum of understanding with the National Gas and Industrialization Company (GASCO) to discuss ways of cooperation between them in entering into a partnership to establish a company operating in the field of land transport and logistics services. The duration of the memorandum is 12 months from the date of signing for the extension.

Read More

The company said in a statement today on “Tadawul” that the related parties are: The Public Investment Fund, which is one of the major shareholders of the two companies, owning 22.55% of the shares of Bahri and 10.91% of the shares of the GASCO, according to the date of the signing of the agreement. The agreement announced above, indicating that the financial impact cannot currently be determined.

Related Posts