Riyadh - Mubasher: The National Shipping Company of Saudi Arabia (Bahri) said that Ibrahim bin Abdul Rahman Alomar, the company’s president, is no more related to the company.

The announcement came after a royal decree was issued appointing Alomar as the governor of the Saudi Arabian General Investment Authority (SAGIA), according to a bourse filing.

Any further news about hiring a new president will be announced in due time, Bahri stated.