Seamec Limited — Important, 05-02-2025: Agreements

SEAMEC Limited has entered into a Bimco Charter Party with Safeen Al Behar Limited, Saudi Arabia, for a firm charter hire of the vessel "SEAMEC SWORDFISH." The charter will span 730 days, with a potential extension upon mutually agreed terms, and is set to commence within a window from March 1, 2025, to March 30, 2025. The total contract value for this period amounts to USD 57.40 million. This development underscores SEAMEC's operational expansion in the Kingdom of Saudi Arabia and UAE, positioning the company for sustained revenue growth. Keep an eye on this venture for its implications on future earnings and strategic direction.