THE MIDDLE EAST’S

67. National Shipping Company of Saudi Arabia (Bahri)

Country: Saudi Arabia
Sector: Logistics
CEO : Ahmed Ali Alsubaey
Market Value: $5.4 billion
Sales: $2.3 billion
Profits: $478 million
Assets: $6.2 billion

Founded in 1978, Bahri is a maritime logistics and transportation conglomerate. As of March 2024, the group operated 88 owned vessels and 13 vessels under a lease contract. Saudi’s Public Investment Fund owns 22.6% of Bahri, and Saudi Aramco Development Company (SADCO) owns 20%. In February 2024, Bahri Desalination’s mobile seawater desalination plant was awarded a Guinness World Record for being the largest of its kind, measuring 123 meters in length, with a daily output of 50,000 cubic meters.