Chapter III Financial Information and Operation Results
Subsidiaries Capitals for 2011 and 2012
% of Owner- ship in 2012
% of Owner- ship in 2011
Date of Incorpora- tion
Debt Instru- ments
Company Type
Details of the Shares
Company Name
Capital 2012 Capital 2011
NSCSA (America) Inc.
LLC
1991
3,750,000 3,750,000 100% 100% 1000 None
Mideast Ship Management Ltd. National Chemical Carriers Ltd.
LLC
1996
306,540
306,540 100% 100%
1 None
LLC
1990
610,000,000 610,000,000
80% 80% 61,000,000 None
Bahri Dry Bulk
LLC
2010
200,000,000 200,000,000
60% 60% 200,000 None
Summary of Financial Results of Subsidiaries for the financial year 2012 (in thousands of Saudi Riyals)
General and admin-
Share in the company's net profit
Other revenues (Expenses)
Operating revenues
Operating expenses
Net profit (loss)
Company Name
istrative expenses
NSCSA (America) Inc.*
23,156
(5,797)
(16,217)
33
796
0.16%
Mideast Ship Management Ltd.**
41,248
-
(37,653)
(1,040)
2,068
0.41%
National Chemical Carriers Ltd. Co
440,873 (297,956)
(9,521)
(19,163)
98,082
19.46%
Bahri Dry Bulk Co. LLC
39,172 (30,918)
(1,925)
421
4,751
0.94%
* relies entirely on the parent company for income ** relies entirely on the parent company and its subsidiaries for income
54
Powered by FlippingBook