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- Lebanon receives preliminary approval to increase World Bank loan to $400m
- China Exempts Some Goods from US Tariffs to Limit trade War Pain
- Saudi Arabia completes 674 Vision 2030 initiatives, achieves 93% of KPIs as 9th year milestone marked
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- Gold prices drop more than 1%
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- Saudi Arabia takes part in European Economic Congress
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- Adnoc Distribution to operate 500 high-power EV chargers by 2028
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 | 25.80 | 0.05 (0.19 |
| ABAR | 147.00 | 7.00 (5.00 |
| ADNOCGAS | 3.17 | 0.06 (1.92 |
| ADNOCDRILL | 4.83 | -0.05 (-1.03 |
| ADES | 15.42 | 0.08 (0.52 |
26/04/2025
Adnoc Distribution, a leading fuel distributor and convenience store operator, has unveiled plans for a major expansion of its electric vehicle (EV) charging infrastructure, increasing its charging p
Trade Arabia
25/04/2025
Saudi Awwal Bank (SAB), one of the leading banks in Saudi Arabia, has signed SR2 billion credit facility agreement with the Saudi Binladin Group, a subsidiary of Binladin International Holding Group,
Saudi Gazette
24/04/2025
The Dubai-based logistics firm Aramex has confirmed a new acting CEO after Othman AlJeda, the incumbent, resigned for personal reasons.
The change at the top comes just weeks after Abu Dhabi
Gulfnews
24/04/2025
The leading UAE banks have put up some sizable growth in their Q1-2025 results, with ADIB's net profit before tax totalling Dh1.9 billion - and that's from an impressive 18% gain year-on-year.
Gulfnews
24/04/2025
Salalah Port has received five modern dual-fuel methanol-powered container vessels from Maersk's fleet, marking a significant milestone in the port's infrastructure development and readiness to accom
Times of Oman
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