THE MIDDLE EAST’S

70. National Shipping Company of Saudi Arabia (Bahri)

Country: Saudi Arabia
Sector: Logistics
CEO : Ahmed Ali Alsubaey
Market Value: $4.1 billion
Sales: $2.3 billion
Profits: $310 million
Assets: $6.1 billion

Bahri is one of the largest providers of maritime services globally. It operates in oil, chemicals, logistics, dry bulk, marine, and ship management. In 2022, the group acquired an additional 40% of Bahri Bolloré Logistics, increasing its ownership to 100%. In 2023, Bahri signed an agreement with the “Shareek” program to support the company's efforts to enter and invest in the gas transportation sector at an expected cost of $408 million. Saudi’s Public Investment Fund and Saudi Aramco Development Co. are the company’s major shareholders.