Bahri Renews Contract with MOD

10/12/2013 Argaam

The National Shipping Co. (Bahri) announced receiving letter from the Ministry of Defense (MOD) includes the renewal of a transport and shipping services contract for five years at a total value of SAR 383,335,000, the company said in a filing to Tadawul.
 

The company said that the contract will be effective as of the expiry date of the current contract (10/9/2014 - 11/9/2019).

The financial results will be realized over the contract period, according to the statement.

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