Monday 28 July 2014
 
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Saudi shipper plans long-term financing for Vela debt

National Shipping Company of Saudi Arabia (Bahri) plans to arrange long-term sharia-compliant financing in 2015 to replace a bridge loan backing its $1.3 billion acquisition of Saudi Aramco's marine unit, it said on Sunday. Th

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Saudi Bahri eyes 'world class' maritime yard

The National Shipping Company of Saudi Arabia (Bahri) has signed a memorandum of understanding with Saudi Aramco and Singapore's Sembcorp Marine to conduct a feasibility study for a maritime yard project in the kingdom. A deci

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Bahri wins top Arab shipping award

The National Shipping Company of Saudi Arabia (Bahri) said it has won top recognition for its maritime achievements in the region by Forbes Middle East . A major player in the marine sector, Bahri owns and operates a fleet of 44 v

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Bahri eyes sukuk to fund Vela buy

  National Shipping Company of Saudi Arabia (Bahri) is considering a debut Islamic bond issue to help refinance debt taken on for its $1.3 billion acquisition of Saudi Aramco's marine unit last year, three sources said.

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Aramco, Bahri reach agreement on merger terms

The National Shipping Company of Saudi Arabia (Bahri) and state oil giant Saudi Aramco have reached an agreement on the terms and conditions of Bahri's merger with Aramco's Vela International Marine unit, the firm said in a bourse statem

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Saudi Aramco to sell marine unit for $1.3bn

State oil giant Saudi Aramco said it has signed an agreement to sell its marine unit, Vela International Marine Limited, to Saudi National Shipping Company (Bahri) for $1.3 billion in cash and shares. This merger of ships, personnel and bu

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