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الاقتصادية
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Al Bahri distributions lead to record profits
The Saudi National Shipping Company "Bahri" announced an exceptional, record-breaking cash distribution of 1.38 billion riyals for the first half of 2026, the largest since 1996. This reflects its outstanding profits, which reached 4.9 billion riyals, exceeding 420% growth compared to the previous year. This distribution came after achieving record revenues and profits in the second quarter, with cash flows rising to 3.87 billion riyals during the first half. The dividends accounted for approximately 28% of the profits, while most of the earnings were retained within the company to support investments and fleet modernization. This unprecedented performance is attributed to rising shipping rates and limited vessel availability, though the continuation of this momentum depends on changing market conditions and global market disruptions, especially considering the orders for dozens of new vessels until 2030.
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