Year in Review

First multipurpose vessel joined the fleet
Bahri Line acquired its first multipurpose vessel, a type of ship designed to carry a wide variety of cargo types, initially to cater to requirements of renewable energy and infrastructure projects.

Bahri Oil exits refined product shipping

Bahri Oil sold its remaining product tanker, marking its exit from petroleum product transport.

Logistics Center construction at Jeddah Islamic Port

Construction commenced at the Jeddah Port for a state-of-the-art storage and handling facility with an annual throughput capacity of 900,000 pallets, with completion targeted for 2025.

Guinness World Record for largest desalination barge

Guinness World Records recognized Bahri’s new desalination facility as the largest floating desalination plant built on a marine barge.

First desalination barge’s commercial operation

Bahri completed construction of its first 50 million liter per day seawater desalination barge stationed off Yanbu, Saudi Arabia, and started potable water delivery to offtaker Saudi Water Authority.

Cash dividends declared

The Bahri General Assembly approved a cash dividend distribution to shareholders of % 0.55 per share, equivalent to a 25 % pay-out ratio on 2023 earnings.

MoU with Folk Maritime

Bahri Ship Management (BSM) signed a Memorandum of Understanding with Folk Maritime, a newly formed feeder and short-sea shipping operator, to collaborate on technical ship management and crewing of vessels, marking BSM’s first venture of extending its expertise beyond Bahri’s own fleet.

Training agreement with Saudi Logistics Academy

Bahri forged a two-year agreement for Saudi Logistics Academy to train and qualify young Saudis for placement in Bahri’s business units.