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MariApps signs a massive deal with state owned Kuwait Oil Tankers Company (KOTC)

MariApps signs a massive deal with state owned Kuwait Oil Tankers Company (KOTC)
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

Red seaDjibouti generalSaudi arabiaEman nasserKhalil rehmanHamad essa al meshariFinancial affairs administrationSport holdingsMarine agency branchSaudi stock exchangeInfrastructure holding companyFinancial affairs administration hamad essa al meshariKuwait oil tanker companyCommunications technologies hani behbehaniKuwait petroleum corporationRed sea gateway terminal international

UAE-Saudi JV commissions Jordan wind project financed by IsDB, IFC

UAE-Saudi JV commissions Jordan wind project financed by IsDB, IFC
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United arab emiratesInternational finance corporationSaudi xenel industriesIslamic development bank isAbour energy companyXenel industriesDevelopment bankஒன்றுபட்டது அரபு அமீரகங்கள்சர்வதேச நிதி நிறுவனம்இஸ்லாமிய வளர்ச்சி வங்கி இருக்கிறதுவளர்ச்சி வங்கி

COSCO Ports takes stake in Saudi Arabian terminal

COSCO Ports takes stake in Saudi Arabian terminal January 29, 2021, by Naida Hakirevic China’s COSCO Shipping Ports (CSPL) has entered into an agreement with the founding shareholders of Saudi Arabia’s Red Sea Gateway Terminal Limited (RSGT) to acquire a 20 per cent stake in the terminal which is located at Jeddah Islamic Port. Sound Joyce Enterprises Limited, a subsidiary of CSPL, bought the stake for $140 million. The Jeddah Islamic Port is strategically located in the Red Sea region and is close to the major shipping routes. It has a wide coverage of container market in the Middle East and East Africa. The acquisition is in line with COSCO’s globalisation strategy, the company said.

Saudi arabiaRed seaDjibouti generalSaudi industrial services companyCorporation berhadXenel industriesPublic investment fundSaudi arabian ports authority mawaniCity island holdingJoyce enterprisesSaudi arabia red sea gateway terminal limitedRed sea gateway terminal limitedJeddah islamicJoyce enterprises limitedJeddah islamic portMiddle east

Saudi s PIF, Cosco Shipping Ports take stake in RSGT

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Saudi arabiaRed seaDjibouti generalMarketing groupSaudi industrial services companyCosco shipping ports limitedCorporation berhad malaysianXenel industriesPublic investment fundSaudi arabian ports authority mawaniRed sea gateway terminal limitedCity island holdingJoyce enterprisesTradearabia news serviceSyndigate media incSound joyce enterprises limited

PIF, Cosco Shipping Ports take stake in RSGT

PIF, Cosco Shipping Ports take stake in RSGT JEDDAH, January 27, 2021 The founding shareholders of Red Sea Gateway Terminal Limited (RSGT), a privately-owned independent terminal operating company, have signed separate share purchase agreements with the Public Investment Fund (PIF) and with Cosco Shipping Ports Limited (CSPL) through its wholly-owned subsidiary Sound Joyce Enterprises Limited, for the sale of 40% equity interest in RSGT (with 20% each). The total sale consideration is SAR1,050 million / $280 million. The two transactions imply an enterprise value for RSGT of SAR3,300 million / $880 million, said a statement. The completion of both transactions is subject to the approval of the Saudi Arabian Ports Authority (Mawani), as well as other customary approvals, it said.

Saudi arabiaRed seaDjibouti generalSaudi industrial services companyCosco shipping ports limitedCorporation berhad malaysianXenel industriesPublic investment fundSaudi arabian ports authority mawaniRed sea gateway terminal limitedCity island holdingTradearabia news serviceJoyce enterprisesCosco shipping portsSound joyce enterprises limitedSaudi arabian ports authority