ASRY Board Meeting reviews financial results
Manama : The Board of Directors of the Arab Shipbuilding and Repair Yard Company (ASRY) held its 143rd meeting on Thursday at the company’s head office in Hidd, presided over by HE Shaikh Duaij bin Salman Al Khalifa, Chairman of the Board and representative of Bahrain.
The meeting was attended by the other shareholding countries, Saudi Arabia, Iraq, Kuwait, Libya, Qatar and the UAE.
The Chairman and members of the Board of Directors welcomed the newly appointed Board members of Saudi Arabia - Mansoor bin Mohammed Al-Khudhair, Qatar - Said Al-Muhannadi and Iraq - Adnan Nooshi Sajet, and wished them every success.
Shaikh Duaij said, “The Board reviewed the results and financial matters, operational results and commercial activities from January 1 to February 29.”
He also pointed out that the meeting discussed the financial and operational results of 2015, during which, the company repaired 243 ships - the most in a year in the company’s history - against 193 ships in the same period in 2014.
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