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Saudi French company provides logistic services and maritime transport

   Saudi national company for maritime transport has signed today a cooperation agreement with French “poloreh logistics sas “company to found a company at Riyad with a capital of 15 million Saudi riyal with self-finance from partners who will increase the capital to reach 30 million Saudi riyal  after 3 months of the company’s foundation.  

 This new company will provide with comprehensive logistic services, including mediation in shipping and transport and providing all services related to transporting. According to the agreement the quota of Saudi national company will be 60% of the capital and that of “poloreh logistics sas “is 40% of the capital.

 Different parts expect accomplishment of foundation at third quarter of 2017 and that financial impact will show in fourth quarter of 2017. The company will announce if any fundamental developments occur.