The Bahrain Ship Repairing and Engineering Company BSC (BAX:BASREC) (Basrec) is looking for acquisitions. Basrec is looking to acquire a slipway in Saudi Arabia or Dubai and will grab any opportunity that comes its way, the Chairman has said. Speaking to the GDN on the sidelines of the annual general meeting of shareholders on March 30, 2021 at the Diplomat Radisson Blu Hotel, Chairman Fawzi Kanoo said any acquisition plans will be carefully studied and follow due diligence.