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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 Signs Strategic Partnership with Bahrain Airport Company to Develop “Express Cargo Village”
08 Jan 2025
Bank of Bahrain and Kuwait and Global Payment Services Deliver the First Advanced Fraud Prevention Solution for Wallet Provisioning in the Kingdom of Bahrain
26 Dec 2024
BBK proudly supports “Celebrate Bahrain” as a gold sponsor in cooperation with BTEA
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
05 Nov 2024
As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
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