Saudi Arabian tanker giant Bahri is targeting acquisitions in Asia and the Middle East.
The VLCC specialist wants to expand its reach, its CEO Abdullah Aldubaikhi told Reuters.
“We are looking at multiple acquisitions in the Middle East and Asia worth tens of millions of dollars,” he said.
“We want to tap into a new area related to the maritime sector by acquiring companies offering services that are not currently available within Bahri’s portfolio.”
He gave no further details, however.
