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Company Name
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AHMAD ZAKI RESOURCES BERHAD
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Stock Name
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AZRB
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Date Announced
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30/05/2013
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Type
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Announcement
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Subject
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Description
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RENEWAL OF THROUGHPUT AGREEMENT WITH PETRONAS DAGANGAN BERHAD
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Announcement Details/Table Section :
We refer to our announcement made on 8 August 2008 in relation to the Renewal of Throughput Agreement with Petronas Dagangan Berhad ("Agreement").
The Directors of AZRB are pleased to announce that its wholly-owned subsidiary, Inter-Century Sdn Bhd ("ICSB") had on 30 May 2013 entered into a new Agreement for ICSB to continue providing the marine high speed diesel bunkering services to all Petronas Dagangan Berhad's customer's vessels at the Port of Kemamam in Terengganu Darul Iman. This Agreement will be effective for a period of five (5) years commencing from 1 June 2013 and to expire on 31 May 2018.
With the above Agreement, ICSB shall be able to continue its bunkering activities at the Kemaman Supply Base and therefore continues to generate revenue for ICSB and AZRB Group.
The above Agreement shall not have any effect on the issued and paid-up share capital of AZRB. However, the Agreement is expected to contribute positively to ICSB and AZRB Group's earnings and net assets for the current financial year.
None of the other directors, substantial shareholders or person connected with the directors or substantial shareholders has any direct or indirect interest in the above Agreement.
The Board, having considered all the aspects of the Agreement, is of the opinion that the Agreement is in the best interest of the Company and the Group.
This announcement is dated 30 May 2013.
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© 2013, Bursa Malaysia Berhad. All Rights Reserved.
distributed by
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AHMAD ZAKI RESOURCES 
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