National Shipping Company of Saudi Arabia (BAHRI) News - Mubasher Info
UAE
Mubasher TV
 Contact Us Advertising   العربية
UAE
DFM Closed
ADX Closed
08 April 08:33 AM

National Shipping Company of Saudi Arabia (4030)

Last update: 7 April 03:19 PM market time.
32.00
-0.86
-2.62%
Open 32.80
Previous Close 32.86
High 32.86
Low 32.00
Stock Statistics
Volume 1,091,909
Turnover 35,265,117.72
All data are 15 minutes late during market session

News

Photo Archive
24 July 2018 05:30 PM Bahri profits up 21% in Q2
Riyadh - Mubasher: The National Shipping Company of Saudi Arabia (Bahri) has announced on Monday the interim financial results for the second quarter of 2018. Bahri reported a net profit of SAR 185.41 million in Q2-18, increasing by around 20.5% …
Financial Results
Amad is one of the VLCCs financed by Standard Chartered Bank
9 May 2018 01:55 PM Saudi Bahri gets new carrier, expects operation in May
Riyadh – Mubasher: The National Shipping Company of Saudi Arabia (Bahri) has received very large crude oil carrier (VLCC) named (Amad). The commercial operation of the VLCC is expected to start in May, while its financial impact may start to …
Companies Investments
Bahri confirmed that one of its containers was targeted in Yemen
8 April 2018 10:43 AM Bahri confirms targeted tanker in international waters
Riyadh – Mubasher: The National Shipping Company of Saudi Arabia (Bahri) on Sunday confirmed news reports that one of its oil tankers had been targeted in international waters. The tanker named Abqaiq was targeted on 3 April in the south west of …
Companies Investments
Under the deal, Bahri will transfer all the kingdom’s needs through Suez Canal
12 March 2018 00:59 PM Egypt, Saudi Arabia ink deal to build navigation firm
Cairo – Mubasher: Egypt’s Suez Canal Authority (SCA) has signed a memorandum of understanding (MoU) with the National Shipping Company of Saudi Arabia’s (Bahri) to support maritime transportation and establish joint navigation venture in the North …
Companies Investments
Bahri’s profits more than halved in 2017
28 February 2018 06:45 PM Bahri profits drop 53% in 2017 on higher oil shipping prices
Riyadh – Mubasher: The National Shipping Company of Saudi Arabia (Bahri) on Wednesday reported a sharp drop in profits for the full year 2017 on the back of higher prices in shipping oil. Bahri’s profits more than halved, falling 53.4% to SAR …
Financial Results
The new carrier is one of the five carriers financed by Standard Chartered Bank
28 February 2018 10:33 AM Saudi Bahri receives new carrier, forecasts operation in March
Riyadh – Mubasher: National Shipping Company of Saudi Arabia (Bahri) on Wednesday has received large crude oil carrier named (Qamran). The new carrier is one of the five carriers financed by Standard Chartered Bank, Arab National Bank, National …
Companies Investments
Lawhah’s commercial operation is expected to start in March.
1 February 2018 11:39 AM Saudi Bahri receives new carrier, expects operation in March
Riyadh – Mubasher: National Shipping Company of Saudi Arabia (Bahri) on Thursday has received a very large crude carrier (VLCC) named “Lawhah”. The VLCC is one of five large crude carriers financed through a credit facility provided by Standard …
Companies Investments
The carrier is one of five VLCCs financed by a $350 million (SAR 1.31 billion) syndicated Murabaha facility.
23 January 2018 10:37 AM Saudi Bahri to operate new carrier in March
Riyadh – Mubasher: National Shipping Company of Saudi Arabia (Bahri) has received a very large crude carrier (VLCC)  named "Kassab" on Monday, 22 January. The carrier is one of five VLCCs financed by a $350 million (SAR 1.31 billion) syndicated …
Corporate Actions
In August, Bahri’s subsidiary signed contracts with Hyundai Heavy Industries to build four bulk carriers
7 January 2018 06:02 PM Saudi Bahri’s unit inks SAR 360m Islamic loan
Riyadh – Mubasher: National Shipping Company of Saudi Arabia (Bahri) announced signing SAR 360 million ($96 million) Islamic loan agreement for its subsidiary Bahri Dry Bulk LLC with Bank Albilad. Bahri Dry Bulk LLC is a 60% unit of Bahri. The …
Companies Investments
Saudi Bahri names new CEO to boost growth
24 December 2017 01:02 PM Saudi Bahri names new CEO to boost growth
Riyadh – Mubasher: National Shipping Company of Saudi Arabia JSC (Bahri) named Abdullah Aldubaikhi as its new chief executive officer, effective 1 January 2018. The new CEO will be in charge of setting up and overseeing implementation of Bahri’s …
Management Decisions
Bahri to sell part of stake in Petredec Limited
12 November 2017 11:38 AM Bahri to sell part of stake in Petredec Limited
Riyadh – Mubasher: The National Shipping Company of Saudi Arabia’s (Bahri) on Sunday announced its plans to sell part of its 30.3% stake in Petredec Limited. Petredec Limited is a firm which is specialised in trading and transporting the liquefied …
Companies Investments
KSA’s Bahri to start operation in UAE early 2018
10 November 2017 00:42 AM Bahri’s new joint ventures to start operation in UAE early 2018
By: Amr Adel Dubai – Mubasher: The National Shipping Company of Saudi Arabia’s (Bahri) new joint ventures are expected to start operation in Dubai and Riyadh by the beginning of 2018, acting CEO Ali Al-Harbi said in an interview with Mubasher on …
Companies Investments
The National Shipping Company owns 60% of the two newly-established firms
30 October 2017 06:14 PM Bahri founds 2 new JVs in KSA, UAE
Riyadh - Mubasher: The National Shipping Company of Saudi Arabia (Bahri) completed the establishment of two firms in the third quarter of 2017, one in Saudi Arabia and the other in the UAE. Bahri Dry Bulk Company, Bahri’s subsidiary, established a …
Market News
Bahri receives large crude oil carrier
26 October 2017 01:06 PM Bahri receives large crude oil carrier
Riyadh – Mubasher: The National Shipping Company of Saudi Arabia (Bahri) on Thursday, 26 October received large crude oil carrier (VLCC), and it was named (Shaden). The received carried is one of the five largest carriers which are financed by …
Company News
Net profits tumbled to SAR 60.51 million in Q3-17, from SAR 315.38 million in Q3-16, according to a bourse filing
24 October 2017 11:24 AM Bahri’s profits plunge 80.81% in Q3
Riyadh – Mubasher: The National Shipping Company of Saudi Arabia (Bahri) stated that its net profits slid 80.81% in the third quarter of 2017, compared to the year-ago period. Net profits tumbled to SAR 60.51 million in Q3-17, from SAR 315.38 …
Financial Results
Bahri will own a 60% stake of the new JV, while Bollore will own a 40% stake
27 September 2017 06:24 PM Bahri, France’s Bollore launched logistics JV
Riyadh – Mubasher: The National Shipping Company of Saudi Arabia (Bahri) launched on Tuesday its joint venture (JV) namely BahriBolloré Logistics, collaborating with the French company Bollore Logistics Sas, (Bollore). Bahri will own a 60% stake …
Company News
Each bulk carrier will have an 80,000-tonne capacity.
27 August 2017 01:27 PM Bahri subsidiary to build 4 bulk carriers for $120m
Riyadh – Mubasher: National Shipping Company of Saudi Arabia (Bahri) announced that its subsidiary, Bahri Dry Bulk, signed contracts on Friday, 25 August, with Hyundai Heavy Industries to build four bulk carriers at a total value of $120 million. …
Companies Investments
Total revenues shrank by 24% to SAR 1.4 billion in Q2-17
24 July 2017 06:01 PM Bahri posts lower profits in Q2
Riyadh – Mubasher: National Shipping Company of Saudi Arabia (Bahri) reported a drop of 68.4% in profits during the second quarter of 2017 compared to the same period last year. The company’s earnings decreased to SAR 153.9 million in Q2-17 from …
Financial Results
Maharah is a 300,000- deadweight tonnage (dwt) carrier
12 June 2017 04:37 PM Bahri to receive 3 VLCCs 2017 – CEO
Riyadh – Mubasher: The National Shipping Company of Saudi Arabia (Bahri) successfully received 26 vessels to date, the company’s acting CEO, Ali Al-Harbi, said. Al-Harbi added that there are eight more very large crude carriers (VLCCs) currently …
Companies Investments
Bahri received a very large crude carrier (VLCC) named Maharah on Monday
12 June 2017 11:04 AM Bahri receives 38th VLCC Monday
Riyadh – Mubasher: The National Shipping Company of Saudi Arabia (Bahri) received a very large crude carrier (VLCC) named Maharah on Monday. By adding Maharah, the company’s fleet reached 38 carriers, according to a statement on Bahri’s website. …
Companies Investments
An additional VLCC will join Bahri's fleet in July
1 June 2017 10:37 AM Bahri to get VLCC worth $90m 12 June
Riyadh – Mubasher: The National Shipping Company of Saudi Arabia (Bahri) will receive a very large crude carrier (VLCC) worth $90 million on 12 June. By adding June’s VLCC, the company’s fleet will reach 38 carriers, Al Arabiya reported. Sources …
Companies Investments
(Photo Credit: Company website)
7 May 2017 05:10 PM Bahri, Hyundai ink 6M MoU
Riyadh – Mubasher: The National Shipping Company of Saudi Arabia (Bahri) signed a memorandum of understanding (MoU) with Hyundai Heavy Industries. The agreement revolves around cooperation in the field of mega data and technological innovation in …
Companies Investments
(Photo archive)
7 May 2017 01:13 PM Al Rajhi Capital upgrades valuation on Bahri to ‘Neutral’
Riyadh – Mubasher: Al Rajhi Capital upgraded its valuation on the National Shipping Company of Saudi Arabia (Bahri) to “Neutral”. The research firm maintained the stock’s price target (PT) unchanged at SAR 38.6, leaving a 6% upside rate, bearing …
Stock Evaluations
(Photo archive)
4 May 2017 10:44 AM Bahri posts SAR 378.86m profits in Q1
Riyadh – Mubasher: The National Shipping Company of Saudi Arabia’s (Bahri) profits retreated 38.19% in the first quarter of 2017. Net profits reached SAR 378.86 million in Q1-17, compared to SAR 612.92 million in the year-ago period. The …
Financial Results
(Photo Credit: Arabianeye-Reuters)
23 April 2017 06:25 PM Alomar no longer involved in Bahri after new post
Riyadh - Mubasher: The National Shipping Company of Saudi Arabia (Bahri) said that Ibrahim bin Abdul Rahman Alomar, the company’s president, is no more related to the company. The announcement came after a royal decree was issued appointing Alomar …
Corporate Actions