Riyadh – Mubasher: National Shipping Company of Saudi Arabia (Bahri) has come in the 40th place on Forbes Middle East’s list of the top 100 companies for 2021, according to a press release on Thursday.
Bahri advanced 36 positions within two years on the list, reaching its best ranking by far, after being the 51st in 2020 and the 76th in 2019.
This year’s position is endorsing Bahri as “one of the biggest, most valuable, and most profitable companies” across the region.
The company has achieved a jump of 153% in its annual net profit in 2020, with the revenue increasing by 28% compared to 2019.
Bahri’s CEO, Abdullah Aldubaikhi, said: “We are proud to be one of the topmost logistics and transportation companies in the region to make it to the list, once again proving our industry-leading capabilities and underlining our commitment to excellence.”