National Shipping Company of Saudi Arabia (Bahri)

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Bahri’s operations span five business units: oil, chemicals, logistics, dry bulk, and ship management. It is one of the biggest shipping conglomerates in the world, with a fleet of at least 89 vessels. Saudi’s Public Investment Fund and Saudi Aramco are major shareholders in the company, with 22.5% and 20% ownership, respectively. Bahri recorded revenues of $662.3 million in the first half of 2021. It signed an agreement in 2020 to establish the National Grain Company, a joint venture with the Saudi Agricultural and Livestock Investment Company. As of September 14, 2021, Bahri was valued at $4 billion.