RIYADH: Saudi Arabia’s National Shipping Co., known as Bahri, reported a more than fivefold jump in profit in the first half of 2026, while SAL Saudi Logistics Services Co. posted double-digit growth thanks to rising cargo demand.
Bahri posted a net profit of SR4.89 billion ($1.30 billion) for the six months ending June 30, up 420.7 percent from the same period last year, according to a filing on the Saudi Exchange.
The company attributed the strong performance to higher revenue across all its business units, driven by increased operating activity and stronger global freight rates.
According to the statement, revenue from Bahri Oil BU increased by SR6 billion, followed by Bahri Chemicals BU with SR233 million, Bahri Integrated Logistics BU with SR179 million, and Bahri Dry Bulk BU with SR98 million.
The results come as Saudi Arabia accelerates efforts to position itself as a global logistics and maritime hub under Vision 2030.
