Bahri, officially the National Shipping Company of Saudi Arabia, is the national shipping carrier of Saudi Arabia and the largest owner and operator of Very Large Crude Carriers (VLCCs) and chemical tankers in the Middle East. Founded in 1978 as a public company, Bahri is headquartered in Riyadh, Saudi Arabia.
The company structures its operations around five business units: Oil, Chemicals, Logistics, Dry Bulk, and Ship Management, providing transportation of crude oil, oil products, chemical, bulk cargo, and Roll-on/roll-off services as well as ship management. The company currently operates 109 vessels, and as of February 2025, Bahri's net profit surpassed the SAR 2 billion mark for the first time. The Public Investment Fund (PIF) holds 22.55 percent ownership, Saudi Aramco Development Company holds 20 percent, with the remainder held in public shares.
Recent Leadership & Growth
In 2025, Bahri delivered record net profit of $2.43 billion and revenue of $10.35 billion, representing a 9% year-on-year revenue increase. CEO Ahmed Al-Subaey stated in 2025 that Bahri plans to nearly double its fleet as part of an unprecedented expansion.
Facts compiled by Executive Moves from publicly available news and press releases on 10 June 2026. Spotted an inaccuracy? Email us and we'll review within 1 business day.
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