The National Shipping Company of Saudi Arabia (Bahri) said it has won top recognition for its maritime achievements in the region by Forbes Middle East .
A major player in the marine sector, Bahri owns and operates a fleet of 44 v
National Shipping Company of Saudi Arabia (Bahri) is considering a debut Islamic bond issue to help refinance debt taken on for its $1.3 billion acquisition of Saudi Aramco's marine unit last year, three sources said.
The National Shipping Company of Saudi Arabia (Bahri) and state oil giant Saudi Aramco have reached an agreement on the terms and conditions of Bahri's merger with Aramco's Vela International Marine unit, the firm said in a bourse statem
Shares at Saudi National Shipping Company (Bahri) rose 9 per cent on Saturday after it signed an agreement with Saudi Aramco to buy its Vela marine unit for $1.3 billion in cash shares.
On Wednesday State oil giant Saudi Aramco and Bahri a
State oil giant Saudi Aramco said its shipping subsidiary Vela International Marine had started to operate a new Very Large Crude Carrier (VLCC).
Matar Star, which is the third of four VLCCs Vela ordered from South Korea's Daewoo Ship