National Shipping Company of Saudi Arabia (Bahri)
Date of Establishment: 1978
CEO: Abdullah Al-Dubaikhi
Bahri is the national shipping carrier of Saudi Arabia, with operations spanning five business units. 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. In 2020, the group reported profits of $430.4 million, a 151% increase from 2019. The company also signed an agreement in 2020 to establish the National Grain Company, which is a joint venture with the Saudi Agricultural and Livestock Investment Company, to build a terminal for handling grains at Yanbu Commercial Port.