THE NATIONAL SHIPPING COMPANY OF SAUDI ARABIA 30 DEC 2021
| ELEMENT LIST | EXPLANATION |
| Previous Announcement | The National Shipping Company of Saudi Arabia (Bahri) announces the joint venture (National Grain Company) |
Date of Previous Announcement on Tadawul's Website | 2020-08-24 Corresponding to 1442-01-05 |
Percentage of fulfilled achievement | Not applicable |
Event's Expected Completion Date | Second half of 2023 |
Reasons for Exceeding the Announced End Date | Covid-19 constraints |
The costs associated with the event, and if they have changed or not with indication of the reasons. | The previously announced total project cost remains unchanged (Nearly USD 110 million). |
Impact of the Delay on the Company's Financial Results | No financial impact on the company |
| Additional Information |
- Execution party will be selected during the first half of 2022 and it will be announced later
- Project start date will be during the first half of 2022. - 3-months pilot production to commence in second half of 2023. |
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Disclaimer
Bahri - The National Shipping Company of Saudi Arabia JSC published this content on 30 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 January 2022 10:56:04 UTC.
