Al Bahri Q2 profit rises 574% to 2.75B riys

The National Shipping Company of Saudi Arabia, "Bahri," achieved a significant increase in its net profit during the second quarter of 2026, reaching 2.75 billion riyals, a rise of 574.1% compared to the same period of the previous year. This positive performance was driven by improved operational efficiency and rising global shipping rates across various sectors. The company also recorded an increase in gross profit by 2.1 billion riyals, due to higher gross margins in the oil and chemicals segments, as well as improved revenues from its stakes in invested companies and capital gains from the sale of a vessel. On a quarterly basis, profits grew by 27.8% compared to the first quarter of 2026, reflecting a strong performance in the maritime sector.

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