Bahri Annual Report-2016

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Bahri Annual Report

Bahri Finance Division

Bahri Annual Report

Bahri Finance Division

subsidiaries’ financial results for 2016, will also be presented along with the official government payments as well as Bahri’s dividends distribution policy.

The company’s financial statements, which includes its assets and liabilities, revenue and overall business results will be presented. In addition, a summary of Bahri’s

Financial Information

Murabaha Financing and Long Term Loans During 2016

Fransi, Saudi British Bank (SABB), National Commercial Bank (NCB), Riyadh Bank, Gulf International Bank, PNB Paribas, JP Morgan Chase and Standard Chartered Bank.

In addition to the financing that Bahri and its subsidiaries receive from the Public Investment Fund, PIF, the company also receives financing from the following banks; SAMBA Financial Group, Banque Saudi

Murabaha financing & long term loans during 2016 – (SAR “000”)

Capital Structure & Financing

Start of Year Loan Balance

Loan Average Duration

Additions Through the Year

Paid During the Year

End of Year Loan Balance

Loan Value

Company Name

The National Shipping Company of Saudi Arabia (Bahri)

8,977,980

5,983,738

10

1,627,445

(363,413)

7,247,771

National Chemical Carriers Ltd. Co. (Bahri Chemicals)

3,552,990

1,685,875

10

663,136

(204,045)

2,144,966

Mideast Ship Management Ltd. (JLT)

-

-

-

-

-

-

Bahri Dry Bulk (BDB)

420,000

383,250

11

-

(29,400)

353,850

Total

12,950,970

8,052,863

8

2,290,581

(596,858)

9,746,587

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