Stay updated with breaking news from Xenel industries. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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.
UAE-Saudi JV commissions Jordan wind project financed by IsDB, IFC zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
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. ....
It looks like this was the result of either: A mistyped address A broken link on our site A broken link on a search engine results page A broken link on someone else s page Some things to try: Use the navigation menu at the top Most Read ....
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. ....