Riyadh : Bahri, the National Shipping Company of Saudi Arabia and a global leader in maritime transportation and logistics, signed a landmark Murabaha Financing Agreement with Alinma Bank to secure financing to support its fleet modernization program.

Mr. Basil Abulhamayel, Chief Financial Officer at Bahri and and Mr. Jameel AlHamdan, Chief Corporate Banking Group at Alinma Bank, signed the agreement on behalf of their respective organizations. Senior executives from both sides were present at the signing ceremony.

Under the terms of the facility agreement, Alinma Bank will extend a credit facility worth USD . . .