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Al-Bahrie Q2 profits rise to 2.7B riyals
The Saudi National Shipping Company ("Bahri") recorded a significant increase in its profits during the second quarter of 2026, reaching 2.75 billion Riyals, a 574.15% increase compared to the same period last year. This growth is attributed to improved operational performance and rising global shipping rates, especially in the oil and chemicals sectors, in addition to capital gains from the sale of vessels and increased income from invested companies. For the first half of the year, the company's profits rose to 4.90 billion Riyals, representing a 420.7% increase, with revenues growing by 143.51% to 11.27 billion Riyals, reflecting a strong improvement in financial performance.
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