Subsidiaries capital as of end of 2013 & 2014
Legal status
Incorpora- tion date
Capital in 2014
Capital in 2013
Ownership in 2014 (%)
Ownership in 2013 (%)
Details of shares
Company
NSCSA (America) Inc.
LLC
1991
3,750,000 3,750,000
100%
100%
1,000
Mideast Ship Man- agement Ltd.
LLC
2010
306,540
306,540
100%
100%
1
National Chemical Carriers Ltd. Co. (NCC)
LLC
1990 610,000,000 610,000,000
80%
80% 61,000,000
LLC
2010 200,000,000 200,000,000
60%
60%
200,000
Bahri Dry Bulk (BDB)
Summary of financial results of Subsidiaries in 2014 (In Thousands of Saudi Riyals)
General & admin- istrative expenses
Contribu- tion to Bahri’s net profit (%)
Total operating income
Other revenue (expenses)
Operating revenue
Operating expenses
Fuel subsi- dies
Net profit (loss)
Company
NSCSA (America) Inc.*
21,652 (21,742)
-
(90)
-
36
(54) 0.01-%
Mideast Ship Man- agement Ltd.**
54,324 (52,611)
-
1,713
-
(1,363)
350 0.07%
National Chemi- cal Carriers Ltd. Co.(NCC)
802,922 (677,776)
23,816 148,962 (20,483) (53,847)
74,632 13.98%
-
53,755 (3,597) (16,214)
33,944 6.36%
Bahri Dry Bulk (BDB) 120,838 (67,083)
* It depends for its income totally on the mother company. ** It depends for its income totally on the mother company and its subsidiaries.
73
The National Shipping Company of Saudi Arabia ( )
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