Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- Aramco CEO among business leaders urged by China's Xi to protect trade as Trump tariffs loom
- Oil Updates - crude set to rise for 3rd week on Venezuela, Iran pressure
- M&A deals in Saudi Arabia rise in sign of foreign investor confidence: Marsh
- Saudi maritime industry spurring global trade shift
- Saudi Crown Prince issues directives to curb rising land prices and rents in Riyadh
- Closing Bell: Saudi main index closes in green at 12,025
- Saudi Arabia's job market strengthens as unemployment falls to 7% in Q4 2024
- UAE unveils new dirham symbol and digital currency
- Oil Updates - crude holds near 1-month high, set for 3rd week of gains amid supply woes
- Qatar Islamic Insurance Group AGM proposes cash dividend of 50% of paid-up capital
12/11/2017 12:33 AST
The National Shipping Company of Saudi Arabia (Bahri) announces the commencement of the process to sell part of its 30.3% stake in Petredec Limited, a company based in Bermuda specialized in transporting and trading liquefied petroleum gas.
As part of the deal, Haydock Holdings Limited, the other partner in Petredec Ltd., will also sell part of its 69.7% stake in Petredec Limited, bringing the total ownership of the new investor to (13%) of Petredec Ltd.
The financial impact of the transaction on Bahri will be determined in the event of completion of sale. Bahri expects the sale to take place during the first quarter of 2018, and it will use the proceeds of the sale for general corporate purposes. Note that there are no related parties in this transaction.
It is worth noting that the conclusion of the transaction is subject to several factors, including but not limited to legal review and final agreement on all terms of the transaction by all parties concerned, and Bahri will announce any material developments once available.
Tadawul
23/01/2018
Bahri announces that it has received On Monday 22 January 2018 G a new VLCC that was named (Kassab). The newly received VLCC is one of the 5 VLCCs that were financed by Standard Chartered Bank, Arab
Tadawul
11/01/2018
Bahri Dry Bulk, a business unit of global logistics leader Bahri, has secured a Sharia-compliant funding of SR360 million ($96 million) from Saudi Arabia-based Bank Albilad to finance the purchase of
Trade Arabia
19/10/2017
Bahri, a global leader in transportation and logistics, took part in Breakbulk Americas which is taking place in Houston, Texas, from Oct.17-19, reinforcing its position through its three-decade-long
Saudi Gazette
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| SAUDIARAMCO | 26.75 | 0.10 (0.37 |
| ABAR | 145.00 | 1.00 (0.69 |
| ADNOCGAS | 3.20 | -0.07 (-2.15 |
| ADNOCDRILL | 5.14 | -0.12 (-2.29 |
| ADES | 16.32 | -0.04 (-0.25 |
29/03/2025
China's President Xi Jinping urged a gathering of multinational CEOs on Friday to protect global industry and supply chains, as Beijing seeks to assuage foreign firms' concerns over the Chinese econo
Reuters
28/03/2025
Qatar Islamic Insurance Group convened its Annual General Assembly Meeting for the year 2024, yesterday. The Board proposed to the assembly distribution of cash dividends of 50% of the paid-up capita
The Peninsula
28/03/2025
Sabic, a global leader in diversified chemicals, today (Martch 27) reaffirmed its advocacy for sustainable growth through innovation and collaboration at the Boao Forum for Asia (BFA)'s Annual Confer
Trade Arabia
28/03/2025
AD Ports, a leading facilitator of global trade, logistics, and industry, has announced the signing of a 50- year agreement with Oylz Terminals, a UAE based oil supply and distribution provider to de
Trade Arabia
28/03/2025
Modon Holding, an Abu Dhabi-based holding company, and Elsewedy Industrial Development, one of Egypt's leading integrated industrial and logistics cities developers, have signed a letter of intent (L
Trade Arabia
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia