Contents
Chapter 3 Financial Statements and Business Results Financial Results and Business Performance of Bahri and its Subsidiaries
Board of Directors Chairman’s Message
04 08 10
CEO Message
44 45
Statement of Assets and Liabilities Revenue of the Company’s Core Sectors 47 Distribution of Assets and Liabilities as per Company’s Sectors 48 Subsidiaries Capital for 2012 and 2013 48 Summary of Financial Results of Subsidiaries in 2013 49 Murabaha Financing and Long-term Loans in 2013 49 Regulatory Payments 50 Dividend Distribution Policy 51
Chapter 1 Board of Directors’ Report Information about the Company and its Subsidiaries About the Company
16 18 18 19 19
Subsidiaries
Company Strategy
Merger of Vela’s Fleet and Operations with Bahri
Major Achievements in 2013
Chapter 2 Strategic Business Units and Support Departments Oil Transportation Sector
Chapter 4 Disclosure and Transparency Shareholders’ Rights and Communications
24 26 27 31 34 34 35 35 36 36 37 38 38 38 39 39 39
56 57 58 58 61 62 63
Gas and Offshore Business Unit Chemical Transportation Sector General Cargo Transportation Sector Dry Bulk Cargo Transportation Sector
Disclosure
Corporate Governance
Board of Directors Board Committees
Technical Ship Management
Executive Management
Planning and Business Development Division
Conclusion
Communications Department
Chapter 5 Consolidated Financial Statements and Auditor’s Report for the year ended 31 December 2013 Consolidated Balance Sheet
Information Technology Department
Internal Audit and Control
Human Resources Department
70 72 73 75 76 92
Quality
Consolidated Statement of Income Consolidated Statement of Cash Flows
Environment and Safety
Corporate Social Responsibility
Consolidated Statement of Changes in Shareholders’ Equity
Finance Division
Notes To The Consolidated Financial Statements
Financing and Investment Department
Offices & Subsidiaries
Operating Risk Management
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