Bahri is one of the largest shipping and logistics companies in the Middle East. Bahri was founded in 1975 and is headquartered in Riyadh, Saudi Arabia. The company has a fleet of over 70 vessels, including tankers, bulk carriers, and container ships.
Bahri operates in various industries, including petroleum, petrochemicals, and dry bulk cargo. In 2014, Bahri acquired the tanker fleet of the Saudi Aramco World Tanker Company, significantly expanding its operations.
Bahri's services include shipping, logistics, and port operations. The company has a strong presence in the Middle East and North Africa, with a network of offices and agents across the region.
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Leadership and Employees
Bahri's leadership style emphasizes collaboration and open communication with employees, fostering a sense of ownership and accountability.
Bahri has a diverse workforce, with over 50 nationalities represented, which contributes to a rich cultural exchange and learning environment.
The company prioritizes employee development, with a comprehensive training program that includes both theoretical and practical training, resulting in high employee satisfaction and retention rates.
VP of Digital
The VP of Digital plays a crucial role in a company's digital transformation.
Dion Thorpe is the VP, Digital of Bahri | البحري. His role likely involves overseeing the company's digital strategy and implementing new technologies to improve efficiency and customer experience.
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Top Employees
As a leader, identifying and nurturing top employees is crucial for a company's success. Top employees are those who consistently deliver high-quality work, are motivated, and have a positive impact on the team.
They tend to be proactive and take initiative, often going above and beyond their job descriptions. A study found that top employees are 25% more productive than their average counterparts.
A key characteristic of top employees is their ability to adapt to change and navigate ambiguity. They are resilient and can thrive in uncertain environments.
Top employees also tend to be lifelong learners, seeking out new skills and knowledge to stay ahead in their field. This mindset allows them to stay relevant and valuable to the company.
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They often have a strong sense of ownership and accountability, taking pride in their work and being responsible for their actions. This mindset is essential for a team's success.
Top employees can also serve as role models and mentors, inspiring and guiding their colleagues to reach their full potential. A well-managed team with a strong leader can achieve remarkable results.
Business Structure
Bahri is a diversified shipping company with a complex business structure. It was established in 1978 in Saudi Arabia.
Bahri operates multiple business units, each with its own unique focus. Bahri Oil, for example, was established in 1996 to serve the crude oil transportation needs of Saudi Arabia and other oil-producing countries in the region.
Bahri's fleet consists of various types of vessels, including VLCCs, chemical/product tankers, and dry bulk ships. Bahri Oil commercially manages a total of 39 VLCCs.
Bahri's business units are strategically located to serve the needs of the region. Bahri Logistics, founded in 1979, operates a total of 6 state-of-the-art multipurpose vessels on a regular liner schedule.
Bahri's diversification efforts have paid off, with the company now operating in various sectors. Bahri Dry Bulk, set up in 2010 as a joint venture with Arabian Agricultural Services Company, has enabled the company to tap into the dry bulk transportation market.
Bahri's business units are managed by experienced professionals. Bahri Ship Management, established in 1996, jointly by Bahri and Acomarit, manages 96 ships comprising VLCCs, chemical carriers, and dry bulk ships.
Here's an overview of Bahri's business units:
Bahri's business structure is designed to meet the needs of the region.
Financial Information
Bahri's financial performance has been impressive in 2024. The company's net profit rose by 35% to SAR 2.16 billion in the interim report for 2024.
Bahri's quarterly profits have also seen significant growth. In Q4, the company's net profit was SAR 474.3 million.
Here's a breakdown of Bahri's quarterly profits for 2024:
Bahri's net profit rose by 20% to SAR 1.18 billion in the first half of 2024, with Q2 net profit at SAR 733.2 million.
Industry Classification
Bahri is a Saudi Arabian shipping and logistics company. The company operates in the transportation and logistics industry.
Bahri's NAICS codes provide a clear indication of its industry classification. The NAICS codes for Bahri are [48, 488, 48899, 4889].
Bahri's classification under NAICS code 48 indicates that it operates in the transportation and warehousing sector. This sector includes companies that provide transportation services and store goods.
Bahri's classification under NAICS code 488 indicates that it operates in the support activities for air transportation sector. This sector includes companies that provide services to support air transportation.
Bahri's classification under NAICS code 48899 indicates that it operates in the other support activities for transportation sector. This sector includes companies that provide services to support transportation.
Bahri's classification under NAICS code 4889 indicates that it operates in the support activities for water transportation sector. This sector includes companies that provide services to support water transportation.
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Frequently Asked Questions
Who is the owner of Bahri?
Bahri is owned by the Saudi Government through the Public Investment Fund (PIF) and Saudi Aramco Development Company, with the remaining shares held by Saudi Nationals. The majority stake is held by the Saudi Government, specifically through the PIF.
What does Bahri do?
Bahri is a leading owner and operator of Very Large Crude Carriers (VLCCs) with a massive fleet capacity. We transport millions of tons of oil and petroleum products across the globe.
How many ships does Bahri have?
Bahri has a fleet of 97 vessels, with additional ships on order. Learn more about Bahri's maritime operations and fleet expansion.
What is the net worth of Bahri shipping company?
As of December 2024, Bahri's net assets total $3.88 billion USD. This figure represents the company's net worth, indicating its overall financial health and value.
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