| Element List |
Explanation |
| Introduction |
Further to the National Shipping Company of Saudi Arabia (Bahri) announcement of the latest update about the signing of a non-binding Memorandum of Understanding with the National Gas and Industrialization Co. (GASCO) to discuss ways of cooperation in partnering to establish a company that operates in land transportation and logistics services. The company announces the termination of the non-binding Memorandum of Understanding by agreement of both parties, due to the lack of feasibility to establish a company that operates in land transportation and logistics services for both parties, after conducting the necessary studies. |
| Previous Announcement |
The National Shipping Company of Saudi Arabia (Bahri) announces the latest update about the signing of a non-binding Memorandum of Understanding with the National Gas and Industrialization Co. (GASCO) to discuss ways of cooperation in partnering to establish a company that operates in land transportation and logistics services |
| Date of Previous Announcement on Saudi Exchange’s Website |
2023-10-03 Corresponding to 1445-03-18 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website |
Click Here |
| Latest Developments Of The Announced Event |
Termination of the non-binding Memorandum of Understanding by agreement of both parties, due to the lack of feasibility to establish a company that operates in land transportation and logistics services for both parties, after conducting the necessary studies, there is no financial impact resulting from the termination |
| The costs associated with the event, and if they have changed or not with indication of the reasons. |
N/A |
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