Al Buhairi Q2 profit hits 2.7B riyals
The National Saudi Shipping Company (Bahri) achieved a net profit of 2.75 billion SAR in the second quarter of 2026, marking a 574.15% increase compared to the same period last year. This is attributed to higher gross profit resulting from improved operational performance and rising global shipping rates, particularly in the oil and chemicals sectors. Revenues also increased by 156.18% to 6.31 billion SAR, with a quarter-over-quarter profit growth of 27.81%. The results for the first half of 2026 recorded a record-breaking profit rise of 420.7%, reaching 4.90 billion SAR. This growth is mainly driven by increased operational activities, higher freight rates, and capital gains from the sale of ships and investments.
Notice: This Is an AI-Generated Summary
Comments (0)