RIYADH: Saudi shipping firm Bahri saw its profit surge by 49 percent to SR64.9 million ($17 million) during the first quarter of 2022 on higher oil revenues. The firm, which is a joint venture between the Public Investment Fund and Saudi Aramco, made profits of SR43.6 million in the same period a year earlier, a bourse filing showed. Formally known as the National Shipping Co.
RIYADH: Following a sharp decline in annual profits, shares in Saudi logistics provider Bahri edged down by 0.42 percent during early trading on Thursday. The company’s share price fell to SR35.4 ($9.4) at 11:05 a.m. Saudi time, compared to a previous close of SR35.6. Profits of Bahri, which is a joint venture between the Public Investment Fund and Saudi Aramco, fell by 87
RIYADH: On the back of uncertainty around the Ukraine-Russia war, Saudi stocks extended losses for the fifth straight session Tuesday. At the closing bell, TASI closed 0.68 percent lower at 12,407, while the parallel market, Nomu, edged up 0.28 percent to 24,435 points. This was coupled with a heavy drop in the energy market from recent highs. Brent crude reached $102.44 per
RIYADH: Saudi logistics provider Bahri saw its profit slump by 87 percent to SR192 million ($51 million) in 2021 following a sharp decline in global shipping rates. The firm, which is a joint venture between the Public Investment Fund and Saudi Aramco, made profits of SR1.57 billion a year earlier, a bourse filing showed. The massive drop was propelled by lower shipping rates
In this interview with Adeniran Aderogba, founder of CLG Securities Limited, Transaction Advisers on the Regional Maritime Development Bank, spoke to ENO BASSEY on what to expect once the bank kicks off.