The National Shipping Company of Saudi Arabia (Bahri) received a very large crude carrier (VLCC) named “Kassab” on Monday, the company said in a statement to Tadawul.

 

The vessel is one of five VLCCs financed by Standard Chartered Bank, Arab National Bank, National Bank of Abu Dhabi (now First Abu Dhabi Bank) and Bank Albilad, under a $350 million (SAR 1.31 billion) syndicated Murabaha facility signed in November 2016.

 

Commercial operations of Kassab will begin in March, while the financial impact of the new VLCC will be reflected on Q1 2018 results, the statement added.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

Bahri inks $350 mln Murabaha facility with four banks

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request