Further to the National Shipping Company of Saudi Arabia (Bahri) announcement of the latest update about the signing of a non-binding Memorandum of Understanding with the National Gas and Industrialization Co. (GASCO) to discuss ways of cooperation in partnering to establish a company that operates in land transportation and logistics services. The company announces the termination of the non-binding Memorandum of Understanding by agreement of both parties, due to the lack of feasibility to establish a company that operates in land transportation and logistics services for both parties, after conducting the necessary studies.

Previous Announcement: The National Shipping Company of Saudi Arabia (Bahri) announces the latest update about the signing of a non-binding Memorandum of Understanding with the National Gas and Industrialization Co. (GASCO) to discuss ways of cooperation in partnering to establish a company that operates in land transportation and logistics services.