National Shipping Company of Saudi Arabia (4030)

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News

31 January 2023 09:52 AM Bahri’s profits soar 441% in 2022 initial results

Riyadh – Mubasher: National Shipping Company of Saudi Arabia (Bahri) logged net profits after Zakat and tax worth SAR 1.04 billion in 2022, an annual leap of 440.93% from SAR 192.43 million. Revenues amounted to SAR 8.58 billion in the …

Financial Results

29 January 2023 05:52 PM Bahri announces Chairman, Vice Chairman for new board term

Riyadh – Mubasher: The National Shipping Company of Saudi Arabia (Bahri) has appointed Mohammed Abdulaziz Alsarhan as the new Chairman of the board. Bahri also named Fahad Abduljalil Al Saif to be the new Vice Chairman of the board, according to a …

General Assembly

23 November 2022 02:56 PM Bahri’s business units team up with to Luberef through MoUs

Riyadh – Mubasher: Bahri Chemicals and Bahri Logistics, two business subsidiaries of the listed National Shipping Company of Saudi Arabia (Bahri), recently signed memoranda of understanding (MoUs) with Saudi Aramco Base Oil Company (Luberef) to …

Companies Investments

23 October 2022 04:50 PM Bahri’s profits near SAR 463m in 9M-22 initial financials

Riyadh – Mubasher: The net profits after Zakat and tax of the National Shipping Company of Saudi Arabia (Bahri) reached SAR 462.79 million in the first nine months (9M) of 2022, higher by 360.67% than SAR 100.46 million in 9M-21. Bahri logged …

Financial Results

3 October 2022 05:07 PM Bahri partners with GASCO to establish logistics firm

Riyadh – Mubasher: National Shipping Company of Saudi Arabia (Bahri) signed a non-binding memorandum of understanding (MoU) with National Gas and Industrialization Company (GASCO) on 3 October 2022 to set up a new business. Under the 12-month …

Companies Investments

29 September 2022 10:37 AM International Maritime Industries partners with Bahri Logistics to expand storage, logistics services

Riyadh – Mubasher: MENA’s largest shipyard, International Maritime Industries (IMI), signed a long-term agreement with Bahri Logistics, one of Bahri’s business units, to enhance its supply chain through cutting-edge warehousing and logistics …

Companies Investments

1 August 2022 09:34 AM Bahri’s profits jump 134% in H1-22 interim results

Riyadh – Mubasher: National Shipping Company of Saudi Arabia (Bahri) has recorded net profits after Zakat and tax worth SAR 192.92 million in the first half (H1) of 2022, an annual hike of 133.93% from SAR 82.47 million. Revenues surged by 43.82% …

Financial Results

21 July 2022 06:56 PM Bahri’s SAR 3.9bn Sukuk oversubscribed 1.95 times

Riyadh – Mubasher: National Shipping Company of Saudi Arabia (Bahri) has issued a seven-year SAR-denominated senior unsecured Sukuk at a total value of SAR 3.90 billion, with the offering being oversubscribed by 1.95 times. Bahri will use the …

Companies Investments

6 July 2022 02:49 PM Bahri raises SAR 3.9bn in SAR-denominated Sukuk offering

Riyadh – Mubasher: National Shipping Company of Saudi Arabia (Bahri) has closed the offering of SAR-denominated Sukuk at a total value of SAR 3.90 billion through a private placement. The total number of Sukuk notes reached 3,900 at a par value of …

Companies Investments

18 May 2022 05:02 PM Bahri's EGM nods to 25% capital raise

Riyadh – Mubasher: The shareholders of National Shipping Company of Saudi Arabia (Bahri) have granted their green light to increase the company’s capital by 25% through bonus shares. The capital hike will be carried out by granting one bonus share …

Management Decisions

10 May 2022 02:44 PM Bahri plans to issue SAR-denominated Sukuk

Riyadh – Mubasher: National Shipping Company of Saudi Arabia (Bahri) intends to issue SAR-denominated Sukuk worth SAR 3.90 billion to refinance the existing Sukuk that will mature on 30 July this year. The Saudi listed company pointed out that …

Sukuk and Islamic Finance

24 April 2022 04:46 PM Bahri generates SAR 65m net profits in Q1-22 initial financials

Riyadh – Mubasher: National Shipping Company of Saudi Arabia (Bahri) has achieved an annual surge of 48.98% in net profits after tax to SAR 64.9 million during the first quarter (Q1) of 2022, compared to SAR 43.56 million. Earnings per share stood …

Financial Results

15 March 2022 06:09 PM CMA approves Bahri's capital hike

Riyadh – Mubasher: The Capital Market Authority (CMA) has given its green light for National Shipping Company of Saudi Arabia (Bahri) to increase its capital through 98.43 million bonus shares. The company will issue one bonus share for every four …

Corporate Actions

7 February 2022 11:09 AM Bahri's board proposes 25% capital increase

Riyadh – Mubasher: The board of the National Shipping Company of Saudi Arabia (Bahri) has recommended a 25% capital raise to SAR 4.92 billion from SAR 3.94 billion through bonus shares. To increase capital, the company will grant one bonus share …

Board of Directors

7 February 2022 09:35 AM Bahri's profits plunge 88% in 2021

Riyadh – Mubasher: The net profits after Zakat and tax of National Shipping Company of Saudi Arabia (Bahri) slipped by 87.75% to SAR 192.43 million in 2021, compared to SAR 1.57 billion in the earlier year. The company generated revenues of …

Financial Results

19 December 2021 05:58 PM Bahri approves CEO resignation, appoints Alsubaey

Riyadh – Mubasher: The board of the National Shipping Company of Saudi Arabia (Bahri) has approved on 19 December the resignation of its CEO, Abdullah Ali Al Dubaikhi, to pursue his career. Bahri noted that the resignation will be effective as of …

Corporate Actions

31 October 2021 05:47 PM Bahri’s profits decrease in Q3, nine months

Riyadh – Mubasher: National Shipping Company of Saudi Arabia (Bahri) posted a year-on-year decline of 94% in net profits after Zakat and tax at SAR 17.99 million during the third quarter (Q3) of 2021, compared to SAR 313.74 million. Revenues also …

Financial Results

21 September 2021 04:43 PM Bahri to pay SAR 394m dividends for H1

Riyadh – Mubasher: The National Shipping Company of Saudi Arabia (Bahri) decided to distribute a cash dividend of SAR 1 per share, representing 10% of the share’s par value, for the first half (H1) of 2021. The company will pay a total amount of …

Cash Dividends

3 August 2021 10:11 AM Bahri’s net profits in H1-21 decrease 93%

Riyadh – Mubasher: National Shipping Company of Saudi Arabia (Bahri) posted a 93% decline in net profits after Zakat and tax to SAR 82.47 million in the first half (H1) of 2021 from SAR 1.17 billion in H1-20. Earnings per share amounted to SAR …

Financial Results

10 June 2021 05:17 PM Bahri ranks 40th on Forbes Middle East’s top 100 list

Riyadh – Mubasher: National Shipping Company of Saudi Arabia (Bahri) has come in the 40th place on Forbes Middle East’s list of the top 100 companies for 2021, according to a press release on Thursday. Bahri advanced 36 positions within two years …

Ratings

27 April 2021 11:25 AM Bahri’s shareholders nod to SAR 1/shr dividend for H2-20

Riyadh – Mubasher: The shareholders of the National Shipping Company of Saudi Arabia (Bahri) approved the board’s recommendation of distributing SAR 1 per share as a cash dividend for the second half (H2) of 2020. Bahri will pay a total of SAR …

General Assembly

28 February 2021 04:12 PM Bahri's annual profits advance 153.1%

Riyadh – Mubasher: The National Shipping Company of Saudi Arabia (Bahri) saw a 153.1% annual surge in its net profit for the year 2020 at SAR 1.57 billion. This jump was supported by an increase in revenue from several operating segments and a …

Financial Results

21 January 2021 04:56 PM Bahri’s unit secures SAR 1.2bn Murabaha facility from Samba

Riyadh – Mubasher: The National Shipping Company of Saudi Arabia (Bahri) said its 80%-owned subsidiary, National Chemical Carriers Co., has secured a Murabaha facility worth SAR 1.23 billion. The financing, provided by Samba Financial Group, …

Companies Investments

4 November 2020 02:37 PM Five Tadawul-listed petchem firms log 45% lower profit in Q3

Riyadh – Mubasher: Profits of five Tadawul-listed petrochemical companies dropped by 45.3% on a year-on-year (YoY) basis during the third quarter (Q3) of the year. Combined profits of these firms netted SAR 43.95 billion during the quarter ended …

Financial Results

3 November 2020 11:24 AM Bahri, Presidency of State Security pen SAR 300m deal

Riyadh – Mubasher: The National Shipping Company of Saudi Arabia (Bahri) on Tuesday said it signed a framework contract worth SAR 300 million with the Presidency of State Security (PSS).   Under the five-year deal, Bahri will become the official …

Companies Investments