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FINANCIAL NEWS
Bahri KSA net profit grows in Q4
18 Jan 2016
(MENAFN) National Shipping Firm of Saudi Arabia (Bahri) claimed a huge rise in Q4 net income, stating grow in revenue after the end of its merger with Vela Marine Global and grow in its fleet size.
Moreover, Saudi Aramco, the exclusive oil-shipper claimed a net profit for the three months to Dec.31 of USD 151.2mn, up from USD 32.8mn in the same period of 2015.
The Company proposed more than doubles its yearly cash dividend, paying out USD 0.6mn per share a year earlier.
In addition, the shipper recently had a fleet of 75 vessels, of which 33 were huge crude carriers (VLCCs) and 26 were chemical tankers.
More News
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BBK launches a new suite of HSBC Mutual Funds to expand Global and Islamic investment opportunities
30 Nov 2025
BBK successfully completes the transfer of HSBC Middle East, Bahrain Retail (Consumer) Business to BBK
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BBK launches exclusive Mortgage Financing offers in collaboration with Best Location Properties
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BBK acts as Joint Lead Manager and Bookrunner in a US$ 500 Million bond issuance for Bank of Sharjah
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BBK partners with Lumofy to enhance employee capabilities through innovative AI-driven solutions
18 Nov 2025
BBK partners with Kanoo Motors to launch exclusive offers on Deepal Range-Extended Electric Vehicles
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BBK partners with Asia Jewellers to offer exclusive benefits for customers at Jewellery Arabia 2025
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BBK launches “Sustainability Academy” to equip employees for the future of Sustainable Banking
05 Nov 2025
BBK rewards 202 winners with a total of BD 450,000 in the September “Al Hayrat” Grand prizes draw
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