RIYADH: National Shipping Co. of Saudi Arabia, better known as Bahri, has completed the issuance of SR3.9 billion ($1.04 billion) sukuk, denominated in Saudi Riyals and maturing in seven years. The offering, led by Al Rajhi Capital, HSBC Saudi Arabia, and SNB Capital, started by mid-June, and the settlement was done on July 5, the firm said in a bourse filing. The Saudi-listed
RIYADH: National Shipping Co. of Saudi Arabia, better known as Bahri, has started the issuance of SR3.9 billion ($1.04 billion) Sukuk, denominated in Saudi Riyals. The offering started on June 16, and will end on July 21, the Saudi-listed firm said in a bourse filing. Al Rajhi Capital Co., HSBC Saudi Arabia, and SNB Capital Co. have been selected to act as lead managers and
MISC Group’s President/Group Chief Executive Officer (CEO), YBhg. Datuk Yee Yang Chien, has opted for retirement effective 30 September 2022, following a long and remarkable career in the maritime industry, spanning more than 20 years in various leadership roles within the Group, the last being his current role which he held since 2015. Datuk Yee .
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RIYADH: Saudi shipping firm Bahri has received its shareholders’ approval to increase capital by 25 percent through issuing bonus shares. The firm, which is a joint venture between Saudi Arabia's Public Investment Fund and Saudi Aramco, plans to raise capital from SR3.9 billion ($1.04 billion) to SR4.9 billion, according to a bourse filing. Shareholders will get one bonus