Bahri achieved a record-breaking net profit of SAR 2.75 billion in Q2 2026, marking a 574% year-on-year increase. Total revenue for the first half of 2026 surged to SAR 11.27 billion (an increase of 144% year-on-year)

The National Shipping Company of Saudi Arabia (Bahri) has announced the successful completion of a $263 million refinancing facility with BNP Paribas and the National Bank of Greece (NBG). Completion of this facility marks an important step in the execution of the Group’s funding strategy

Bahri’s first unsecured international bank financing facility. 

The transaction marks Bahri’s first unsecured international bank financing facility. It will contribute to reducing the Group’s reliance on secured debt, enhance its financial flexibility and further expand its relationships with international financial institutions.

Bahri is moving towards a Group-level funding model

Bahri is moving towards a Group-level funding model. This is the first step in a process that will enhance the efficiency and resilience of the balance sheet, diversify funding sources and strengthen the ability to support future growth opportunities.

Bahri achieved a record-breaking net profit

Notably, Bahri achieved a record-breaking net profit of SAR 2.75 billion in Q2 2026, marking a 574% year-on-year increase. Total revenue for the first half of 2026 surged to SAR 11.27 billion (an increase of 144% year-on-year), primarily driven by elevated tanker freight rates in Bahri Oil and strong performance across all business units.
In September 2026, the board approved the distribution of an exceptional interim dividend of SAR 1.38 billion (SAR 1.5 per share).

Related: Bahri delivers record $ 2.4 billion net profit and $10,3 billion revenue in 2925

About: Bahri

Bahri (formerly the National Shipping Company of Saudi Arabia, or NSCSA) is Saudi Arabia's national maritime carrier and one of the world's largest logistics and shipping conglomerates. Established by Royal Decree in 1978, the company is headquartered in Riyadh and plays a pivotal role in Saudi Arabia's energy supply chain and logistics ambitions under Vision 2030.

Related: Bahri Logistics: Agreement with Grandweld Shipyard to Build Advanced Offshore Support Vessels

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