Company Insights Bahri (National Shipping Company of Saudi Arabia) 4030 Transport Bahri (National Shipping Company of Saudi Arabia) Overview The National Shipping Company of Saudi Arabia (Bahri) was formed in 1978 as a public company. The Public Investment Fund (PIF) holds a 22.55 percent stake, 20 percent is held by by Saudi Aramco Development Company and the remainder is held in public shares. Bahri has grown from a small shipping firm operating multi-purpose vessels to become one of the biggest shipping conglomerates in the world. The company’s services include transportation of oil, general cargo, chemicals and dry bulk. Bahri’s Very Large Crude Carriers have a total capacity of more than 12 million deadweight tonnage. Net profit at Bahri surpassed the SAR2 billion ($533.2 million) mark for the first time in February 2025 as revenue increased as a result of its fleet expansion. The total operated fleet, comprising owned and leased vessels, reached 109 vessels in 2024, compared to 98 in 2023. Bahri (National Shipping Company of Saudi Arabia) News Transport Bahri 2024 profit rises to $533m as revenue jumps 8% Net profit at the National Shipping Company of Saudi Arabia (Bahri) surpassed the SAR2 billion ($533.2 million) mark for the first time in its history as revenue increased as a result of its fleet expansion. Net profit for 2024 reached SAR2.2 billion, rising 34 percent year on year. Revenues hit a record high of SAR9.5 […] February 3, 2025 Logistics Saudi shipping company signs $1bn tankers deal National Shipping Company of Saudi Arabia (Bahri) has announced a SAR3.75 billion ($1 billion) deal to buy nine tankers from Greek company Capital Maritime and Trading Corporation. The very large crude carriers (VLCCs) will be used by Bahri to deliver crude cargoes for its customers. VLCCs are a crucial part of the global maritime logistics […] August 20, 2024 Transport Bahri starts work on logistics centre at Jeddah Islamic Port Work on a logistics centre at Jeddah Islamic Port has been started by National Shipping Company of Saudi Arabia (Bahri), as part of the government’s drive to boost non-oil exports. Bahri Logistics Centre is expected to be operational in the first half of 2025 and offer storage and handling capabilities with more than 80,000 pallet positions, […] February 19, 2024 Posts navigation
Transport Bahri 2024 profit rises to $533m as revenue jumps 8% Net profit at the National Shipping Company of Saudi Arabia (Bahri) surpassed the SAR2 billion ($533.2 million) mark for the first time in its history as revenue increased as a result of its fleet expansion. Net profit for 2024 reached SAR2.2 billion, rising 34 percent year on year. Revenues hit a record high of SAR9.5 […] February 3, 2025
Logistics Saudi shipping company signs $1bn tankers deal National Shipping Company of Saudi Arabia (Bahri) has announced a SAR3.75 billion ($1 billion) deal to buy nine tankers from Greek company Capital Maritime and Trading Corporation. The very large crude carriers (VLCCs) will be used by Bahri to deliver crude cargoes for its customers. VLCCs are a crucial part of the global maritime logistics […] August 20, 2024
Transport Bahri starts work on logistics centre at Jeddah Islamic Port Work on a logistics centre at Jeddah Islamic Port has been started by National Shipping Company of Saudi Arabia (Bahri), as part of the government’s drive to boost non-oil exports. Bahri Logistics Centre is expected to be operational in the first half of 2025 and offer storage and handling capabilities with more than 80,000 pallet positions, […] February 19, 2024
