National Shipping Company of Saudi Arabia (Bahri)

#3154

Rank

$3.97B

Marketcap

Saudi Arabia

Country

Leadership team

Engineer Ahmed Ali Al-Subaey (CEO & Exec. Director)

Engineer Fayez Abdullah Al-Asmari (Chief Financial Officer)

Mr. Abdulrahman Mohammed Abdulmohsen Al Suhaibani (Member of Management Board & Director)

Products/ Services

Chemical, Marine Transportation, Transportation

Headquarters

Riyadh, Ar Riyad, Saudi Arabia

Established

1978

Net Income

100M - 500M

Revenue

Above - 1B

Traded as

4030.SR

Social Media

URL

https://www.bahri.sa

Overview

Location

Recognition and Award

References

Summary

The National Shipping Company of Saudi Arabia, together with its subsidiaries, purchases, sells, and operates vessels for the transportation of cargo in the Kingdom of Saudi Arabia. The company operates through Transportation of Oil, Transportation of Chemicals, Logistics, and Transportation of Dry Bulk segments. It transports crude oil, petrochemical products, and liquified petroleum gas; provides technical ship management and logistics services; and packs and stores grain. The company also engages in agency activities for maritime shipping companies; cargo clearance and coordination for transport and storage on-board vessels; and other marine transport activities. In addition, it owns lands and properties; and owns shares in other companies. The company owns and operates 94 vessels, including 39 very large crude-oil carriers and product tankers, 38 chemical and product tankers, 6 multipurpose vessels, and 9 dry bulk carriers. The National Shipping Company of Saudi Arabia was founded in 1978 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.

History

The National Shipping Company of Saudi Arabia was created by a Royal Decree as a public company in 1978, with 22% ownership stake held by the Public Investment Fund of the Saudi government, 20% by Saudi Aramco Development Company , and the remaining shares listed on the Saudi stock exchange .

Mission

To build strong value chains for our stakeholders through reliable, efficient, and end-to-end transportation and logistics services

Vision

To become the world's most admired and competitive maritime and logistics organization

Key Team

Mr. Chakib Abi Saab (Chief Technology Officer)

Mr. Abdullah Ali Al-Mousa (Gen. Counsel & Legal Affairs)

Mr. Majed Hamad Al-Shenaiber (Sr. VP of Information Technology)

Mr. Naser Mohammed Al-Abdulkarim (Pres of Bahri Oil)

Mr. Ahmed bin Muhammad Al-Ghaith (Pres of Bahri Logistics)

Mr. Hisham bin Husain Al-Khalidi (Head of Bus. Support)

Prof. Nizar Banbila (Head of Maritime Bulk Goods Sector)

Recognition and Awards

In 2019, Bahri was presented with the Euronav Award for the Most Successful Shipping Company of the Year for their sustainability in the maritime community.