National Shipping Company of Saudi Arabia (Bahri)

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.