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National Shipping Company of Saudi Arabia JSC (4030.SE)

4030.SE on Saudi Stock Exchange

30.30SAR
19 Oct 2017
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Latest Key Developments (Source: Significant Developments)

Saudi's Bahri receives 4th very large crude carrier
Thursday, 7 Sep 2017 

Sept 7 (Reuters) - NATIONAL SHIPPING COMPANY OF SAUDI ARABIA <4030.SE>::RECEIVES FOURTH VERY LARGE CRUDE CARRIER, EXPECTS COMMERCIAL OPERATIONS OF VLCC IN OCT, FINANCIAL IMPACT TO APPEAR IN Q4 2017.  Full Article

Saudi's Bahri Q2 profit falls
Monday, 24 Jul 2017 

July 24 (Reuters) - National Shipping Company Of Saudi Arabia <4030.SE>::Q2 NET PROFIT 153.9 MILLION RIYALS VERSUS 487.1 MILLION RIYALS YEAR AGO.Q2 TOTAL SALES 1.39 BILLION RIYALS VERSUS 1.84 BILLION RIYALS YEAR AGO.DECREASE IN Q2 NET INCOME IS DUE TO LOWER SPOT MARKET RATES IN GENERAL, SPECIFICALLY IN OIL TRANSPORTATION.DECREASE IN Q2 NET INCOME IS ALSO DUE TO INCREASE IN BUNKER COSTS.  Full Article

Saudi's Bahri receives 3rd giant oil tanker
Wednesday, 19 Jul 2017 

July 19 (Reuters) - National Shipping Company Of Saudi Arabia <4030.SE>::Receives third giant oil tanker, expects commercial operations of tanker in August, financial impact to appear in Q3 2017.  Full Article

Saudi's Bahri signs JV agreement with Bollore Logistics
Tuesday, 18 Jul 2017 

July 18 (Reuters) - National Shipping Company of Saudi Arabia <4030.SE>:Signed a joint venture agreement with Bollore Logistics .Bahri, Bollore intend to establish a joint venture in Riyadh, KSA, with share capital of 15 million riyals through shareholders.Co and Bollor expect to complete establishment of joint venture by third quarter of 2017.Joint venture will be engaged in total logistics services of brokerage in freight forwarding and transportation and provide all services linked to supply chain.Co will own 60 percent of the shareholding in joint venture and bollore will own remaining 40 percent.Parties agreed to increase share capital to be 30 million riyals in three months from date of incorporating JV.Financial impact is expected starting from Q4 2017.  Full Article

Saudi's Bahri receives 2nd oil tanker from Hyundai Samho Heavy Industries
Monday, 12 Jun 2017 

June 12 (Reuters) - National Shipping Company of Saudi Arabia <4030.SE>:Receives second giant oil tanker as part of May 2015 contract with Hyundai Samho Heavy Industries.Expects commercial operations of tanker in July, financial impact to appear in Q3, 2017.Had signed contract with Hyundai Samho Heavy Industries on May, 2015 to build five giant oil tankers.  Full Article

Lamprell updates on ‍proposed JV relating to Saudi Maritime Yard
Wednesday, 31 May 2017 

May 31 (Reuters) - Lamprell Plc :‍Proposed joint venture relating to maritime yard Within King Salman International Complex for maritime industries & services​.VIA unit, entered deal with Saudi Aramco Development, National Oil Co Of Saudi Arabia, National Shipping Co Of Saudi Arabia and Hyundai Heavy Industries ​.‍Parties to participate in a JV for establishment, operation of maritime yard for construction, maintenance and repair of offshore drilling rigs and vessels​.‍Directors expect maritime yard to be partially operational by 2019 and fully operational by 2022​.‍Aggregate cost of constructing maritime yard is expected to be US$5.2 billion, of which US$3.5 billion will be funded by government of kingdom of saudi arabia​.‍Expect Lamprell's investment in JVCO to generate an equity rate of return in excess of lamprell's weighted average cost of capital​.‍Lamprell will seek to commit to subcontract certain of work to be undertaken by its uae yards to JVCO​.‍Investec Bank Plc is acting as financial adviser and sponsor to Lamprell on transaction​.  Full Article

Saudi's Bahri reports Q1 profit of 378.9 mln riyals
Thursday, 4 May 2017 

May 4 (Reuters) - National Shipping Company of Saudi Arabia <4030.SE>:Q1 net profit 378.9 million riyals.Q1 total revenue 1.94 billion riyals.  Full Article

Saudi's Bahri appoints Ali Abdullah Al Harbi as acting CEO
Tuesday, 25 Apr 2017 

April 25 (Reuters) - National Shipping Company Of Saudi Arabia Jsc <4030.SE>:Appoints CFO Ali Abdullah Al Harbi as acting CEO, effective April 25.  Full Article

Saudi's Bahri says CEO appointed as governor of SAGIA
Sunday, 23 Apr 2017 

April 23 (Reuters) - National Shipping Company Of Saudi Arabia <4030.SE>::Says Ibrahim Abdulrahman Al Omar is appointed as governor of Saudi Arabian General Investment Authority as per royal decree dated April 22.Ibrahim Abdulrahman Al Omar is no longer CEO of company.  Full Article

Saudi's Bahri unit signs $35 mln joint venture agreement with Koninklijke Bunge
Wednesday, 22 Feb 2017 

National Shipping Company Of Saudi Arabia Jsc <4030.SE>: Unit Bahri Dry Bulk signs a $35 million joint venture agreement with Koninklijke Bunge B.V. . Unit will own 60 percent stake in joint venture . Unit and Bunge expect to complete establishment of joint venture by Q2, 2017 . Financial impact is expected from fourth quarter of 2017 Source: (http://bit.ly/2mketGs) Further company coverage: [4030.SE] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Deals of the day-Mergers and acquisitions

Sept 27 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday: