National Shipping Company of Saudi Arabia (Bahri)
Top 100 Companies in the Middle East 2021

SR.No: 40

National Shipping Company of Saudi Arabia (Bahri)

Sector: Logistics

Date of Establishment: 1978
Country: Saudi Arabia
CEO: Abdullah Al-Dubaikhi

Sales: $2.2 billion

Profits: $430.6 million

Assets: $5.6 billion

Market Value: $4 billion

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.