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Al-Bahri Q2 profits rise 574% to 2.74B

Al-Bahri Q2 profits rise 574% to 2.74B

The National Shipping Company of Saudi Arabia "Bahri" reported a 574.15% increase in profits for the second quarter of 2026, reaching approximately 2.74 billion SAR. This growth is attributed to improved operational performance and rising global shipping rates, especially in the oil and chemicals sectors. Additionally, its quarterly revenues surged by 156.2% to around 16.3 billion SAR, while profits for the first half of the year rose by 420.7% to 4.9 billion SAR, driven by higher revenues across all sectors, increased operational activities, and elevated freight rates.

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