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FINANCIAL NEWS
Saudi Bahri Co. logs USD136m net profit in Q3
09 Oct 2015
(MENAFN) Bahri, the Saudi-based National Shipping Company, which is the exclusive oil-shipper for Saudi Aramco has registered a high USD136.1 million net profit in the three months to September.
The posted profit is up from 22.6 million posted in last year’s same timeframe, which marks a significant jump, attributed mainly to the growth in the firm’s very large crude carriers (VLCC) fleet.
The shipping corporation is one of five stocks which are not open to direct purchase by foreign investors under any circumstance after the Kingdom opened its bourse for the first time on June 15.
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BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
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Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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