
Investment Case
Bahri offers a unique and compelling proposition in the global shipping and logistics industry with its
diversified and profitable portfolio that spans oil, chemicals and bulk transport, integrated logistics
services, and seawater desalination, seamlessly supported by a world-class in-house ship management platform
enabling operational excellence, innovation and scalability.
With a strong financial foundation, a broad global reach and almost five decades of proven success, we have
built trusted relationships with our core customers and strategic partners. This positions us to capitalize
on significant market opportunities, drive substantial expansion, and deliver sustained value for our
shareholders.
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For 46 years, Bahri has established itself as Saudi Arabia’s leading shipping and logistics company, achieving top rankings in the global maritime industry.
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Industry leader: Our fleets are among the largest in their respective sectors, serving ports and customers across six continents, with our home ports strategically located at the crossroads of global maritime trade routes. We are helmed by a seasoned leadership team with proven track records in shipping and logistics, and adjacent industries.
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Operational excellence: Our in-house ship management enhances operational efficiency, safety, environmental and regulatory compliance, and technology adoption across our 93 owned vessels, providing a competitive edge in cost, reliability and scalability. The safety of our people is our top priority, and we invest and innovate to reduce our fleet’s impact on the climate and the marine environment.
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Customer trust: We have built a reputation for reliable, high-quality service, fostering strong relationships with our core customers, which bolsters our market presence and drives demand.
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Bahri’s strong financial performance underpins its growth and resilience.
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Earnings growth: Our profits have grown at a compounded annual rate of 28% over the past five years, surpassing the % 2 billion milestone for the first time to reach % 2.17 billion in 2024, driven by consistent outperformance of market benchmarks.
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Financial resilience: Our strong earnings support the sustained investment in fleet modernization and expansion without compromising balance sheet health, enabling flexibility for future investment and growth.
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Diversified revenue streams: Our diversified business portfolio mitigates sector cyclicality risk, providing a degree of stability to earnings and cash flow across cycles.
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Bahri is well positioned to capitalize on untapped customer demand and market opportunities.
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Preferred provider: Across all our markets, we are the preferred partner for our core customers, many of whom have substantial cargo requirements that remain untapped by Bahri.
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Alignment with Vision 2030: Our growth strategy aligns with Saudi Vision 2030, supporting the Kingdom’s goals of reducing economic value leakage through supply chain localization, and of establishing the Kingdom as a global hub for shipping and logistics.
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Strategic partnerships: Our partnerships with our major shareholders – Public Investment Fund, the driving force behind Vision 2030, and Saudi Aramco, the world’s largest energy company – channel market opportunities to us that drive growth and network expansion. We are also committed to expanding our network of partners to foster mutually beneficial relationships.
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Bahri’s growth strategy is driven by investments in fleet expansion and modernization, underpinned by a disciplined approach focused on long-term shareholder value creation.
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Opportunistic approach: We adopt an opportunistic approach to vessel acquisition and divestment, strategically timing our investments to capitalize on favorable conditions and opportunities amidst volatility in the vessel market.
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Flexible funding: We will apply a variety of funding mechanisms for fleet expansion, ensuring that chosen structures support value accretion while effectively managing financial risk.
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Responsive to market dynamics: We will quickly adapt to changing market dynamics, balancing profitability, operational efficiency and business risk by leveraging market intelligence to optimize revenue streams, ship deployment and voyage planning, and vessel acquisition and divestment.
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Investor Relations Department
Olaya Towers (Tower B), Floor
(12),
3074 Prince Muhammad Ibn Abdulaziz Road, Al Ulaya District,
Riyadh
12213 - 8022, Saudi Arabia
Number: 00966-11-4785454
E-mail: [email protected]