Bahri posts 890% surge in Q3 profit to SAR 5.08 billion
Bahri reported a sharp rise in third-quarter 2026 profit, reaching SAR 5.08 billion, up 890% from SAR 513.3 million a year earlier.
Bahri, a leading maritime shipping company, announced a staggering 890% increase in its profit for the third quarter of 2026, reaching SAR 5.08 billion. This represents a remarkable jump from SAR 513.3 million in the same period a year earlier. The significant surge in profits can be attributed to higher revenues across all sectors of the company, fueled by increased operational activity and a rise in global shipping rates compared to the previous year.
The oil transport sector saw a significant boost with revenues climbing by SAR 12 billion, while the integrated logistics sector experienced a SAR 250 million increase and the dry bulk cargo sector saw a SAR 41 million rise. Operating profit for the quarter reached SAR 5.02 billion, a substantial 737.6% increase from SAR 599.9 million in the same period last year. Net profit for the quarter stood at SAR 9.98 billion, up from SAR 1.45 billion in the previous year, marking a 586.6% increase.
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