Asry holds 151st board meeting

Manama, Mar. 17 (BNA): Under the chairmanship of Shaikh Daij bin Salman bin Daij Al Khalifa- Chairman of the Board of Directors, the Arab Shipbuilding and Repair Yard’s (ASRY) Board of Directors held its 151st meeting at the company’s headquarters in Hidd- Kingdom of Bahrain on March 15. After the meeting, the Chairman Shaikh Daij bin Salman bin Daij Al Khalifa made the following statement: "The Board of Directors held its 151st meeting in the presence of the members of the Board and other members of the company’s Executive Management team which was fruitful and constructive. The board reviewed the overall positive progress made in the forgone period and particularly during the second half of 2017 along with the last two months of the current year. It is expected that the company’s economic and operational conditions will improve mainly in relation to the new projects that the company has already secured and projects yet to materialize during 2018. With the improvement in oil prices and the company’s focus on increasing its activities in the ship repair, offshore and new projects, it is expected that the company will achieve favourable results in 2018. The company continues with the roll-out of its new roadmap aimed at developing the business for the current and subsequent years."