National Shipping Company of Saudi Arabia (Bahri) is a joint-stock shipping company, which purchases, sells, and operates ships and vessels for the transportation of crude oil, liquefied petroleum gas (LPG), petrochemicals, general cargo, passengers and dry bulk. The company operates a fleet of very large crude carriers (VLCCs), medium-range (MR) tankers, chemical tankers, product tankers, and dry bulk carriers. It carries out voyages across Arabian Gulf, Red Sea, West Africa, Mediterranean, Brazil, the US Gulf and Caribbean regions. The company also provides ship management services through its wholly owned subsidiary; Mideast Ship Management Ltd. It offers services in Saudi Arabia, the UAE, the US, India, Bermuda, the Philippines and Qatar. Bahri is headquartered in Riyadh, Saudi Arabia.
Headquarters
Saudi Arabia
Address
12th - 15th Floors, P.O Box 5101, Tower B, Olaya Towers, Riyadh
Website
www.bahri.sa
Telephone
966 1 14785454
Industry
Transport and Logistics
Ticker Symbol & Exchange
4030 (SAU)
Revenue (2021)
$1.5B
24.1%
(2021 vs 2020)
EPS
XXX
Net Income (2021)
XXX
153.1%
(2021 vs 2020)
Market Cap*
$3.5B
Net Profit Margin (2020)
XXX
103.8%
(2021 vs 2020)
* As of and is in US$
Products and Services
| Services |
|---|
| Crude Oil Shipping |
| LPG Shipping |
| Petrochemical Shipping |
| XXX |
| XXX |
| XXX |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2022 | Contracts/Agreements | In April, Bahri Logistics business unit entered into a new agreement with TKHS to deliver a unique and powerful service offering for Saudi Arabia’s booming hospitality sector. |
| 2022 | Contracts/Agreements | In January, the company signed a memorandum of understanding with Saudi Arabian Mining Company (Ma’aden) to develop cooperation across various logistics sector fields. |
| 2020 | Contracts/Agreements | In August, the company signed an agreement with Saudi Agricultural and Livestock Investment Company to establish the National Grain Company, which is a joint venture. |
Competitor Comparison
| Key Parameters | National Shipping Company of Saudi Arabia | Qatar Navigation QPSC | Frontline Ltd | Teekay Corp | Tsakos Energy Navigation Ltd |
|---|---|---|---|---|---|
| Headquarters | Saudi Arabia | Qatar | Bermuda | Bermuda | Greece |
| City | Riyadh | Doha | Hamilton | Hamilton | Athina |
| State/Province | Riyadh | - | - | - | - |
| No. of Employees | - | 1,799 | 79 | 4,150 | - |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Operating Margin
EPS (Earnings per Share)
Debt to Equity Ratio
Return on Assets
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Mohammed Abdulaziz Al Sarhan | Chairman | Executive Board | 2019 | - |
| Abdullah bin Ali Al-Dubaikhi | Chief Executive Officer | Senior Management | 2018 | - |
| Abdulmalik Abdullah Al-Hogail | Vice Chairman | Executive Board | - | - |
| Chakib Abi Saab | Chief Technology Officer | Senior Management | - | - |
| Abdulaziz Abdulrahman Sabri | President - Bahri Ship Management | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2022 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2022 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2022 | XX |
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