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SGS Company serviced 87,873,034 passengers in 2017
(Saudi Gazette - 31/01/2018)

For the leading national ground handling Saudi Ground Services Company (SGS) 2017 was a very busy year, where the company served over 87,873,000 passengers and 344,028 flights for 99 of SGS airline customers at all 27 airports around the kingdom. SGS

Gulf Navigation to acquire majority stake in Atlantic
(The Gulf Today - 29/01/2018)

Gulf Navigation Holding (GulfNav) has announced that it is in discussion to acquire a majority stake in Atlantic Navigation Holdings (Singapore) Limited (“Atlantic”). Atlantic is an integrated offshore supply operation engaged in the provisioning of

Bahri Announces that it received a Very Large Crude Carrier
(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 National Bank, National Bank of Abu Dhabi and Bank

GWC to manage ‘Al Asmakh Logistics Park’ for 22 years
(Gulf Times - 23/01/2018)

GWC and Al Asmakh Real Estate Development Company have signed a management agreement that will bring the ‘Al Asmakh Logistics Park’ under the management of GWC for a 22-year period between 2018 and 2040. Strategically located in the growing North Doha

Kuwait logistics firm wins $690m US defence deal
(Trade Arabia - 21/01/2018)

Kuwait & Gulf Link Transport (KGL), an international logistics firm based in Kuwait, said it has been awarded a new contract by the US Defense Logistics Agency (DLA) to lead logistics and distribution operations for US military personnel across the Gulf

GWC posts QR215.5mn profit in 2017, suggests 17% cash dividend
(Gulf Times - 15/01/2018)

Gulf Warehousing Company (GWC), Qatar’s leading logistics provider, has reported a 5% jump year-on-year in net profit to QR215.5mn in 2017 and suggested a 17% cash dividend. The board’s recommendation will be presented for discussion and approval during

Bahri gets $96m funding for 4 new bulk carriers
(Trade Arabia - 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 four new bulk carriers. The moves as part of the

Gulf Navigation plans IPO to increase share capital
(Trade Arabia - 03/01/2018)

Gulf Navigation Holding has announced plans to increase its share capital by Dh448 million ($121.97 million) to reach Dh1 billion ($272 million) through the issue of an initial public offering (IPO). The share capital of the company will be distributed

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