Saudi Arabia's National Shipping Company Bahri has delivered solid results for the first quarter of 2026 with a 129% growth in its revenue which soared to SAR4.96 billion ($1.32 billion) driven primarily by higher freight rates, while its net profit surged to hit SAR2.15 billion ($572 million).
Saudi Arabia has activated a strategic logistics service through the integration of Saudi Arabia Railways (SAR), the Saudi Ports Authority (Mawani), and national shipping carrier Bahri, transporting diammonium phosphate (DAP) from Ras Al-Khair to Yanbu Port.
Leading Saudi shipping and logistics company Bahri has announced a record net profit of $2.43 billion and revenue of $10.35 billion for FY 2025, supported by a strong performance in the second half as well as fleet expansion and disciplined operational execution.
Bahri, Saudi Arabia’s Kingdom’s leading shipping and logistics provider, has announced the renewal of its long-term contract of affreightment (COA) with S-Oil Corporation, one of South Korea’s largest refiners headquartered in Seoul.
Saudi National Shipping Company (Bahri) has announced its new board of directors with Sarah Jammaz Al Suhaimi taking over as its Chairperson and Abdullah Mohammed Al Zamil as the Vice Chairperson. Al Suhaimi had earlier scripted history becoming the first woman CEO of Saudi Stock Exchange.
Saudi national shipper Bahri has entered into an agreement with Saudi Iron & Steel (Hadeed) to explore potential co-operation in maritime transport sector to meet Hadeed’s operational and technical needs. The plan includes potential development and construction of new vessels tailored to Hadeed’s transport needs.
