FINANCIAL NEWS

Bahrain- Asry posts $132m sales in 2009

09 May 2010

(MENAFN) A statement released by Arab Shipbuilding and Repairyard Co. (Asry), a leading provider of specialist marine services in the region, said that the company�s sales reached $132.184 million last year, according to a press statement.

The Manama-based company stated that the number of ships repaired last year was 168, which was the highest figure in the company’s history, compared to 133 vessels in 2008.

Asry�s general assembly approved the recommendation of the board of financing Asry’s strategic plan through borrowing maximum amount of $150 million and also approved the amendments to the memorandum of association, the statutes of the company and the internal regulation for the board of directors.

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