Money and business

“Al -Bahri” completes the acquisition of 9 giant oil tankers for one billion dollars


Al -Bahri Oil Company, one of the business sectors of Al -Bahri Group, the Saudi National Transport Company, which specializes globally in the field of logistics and maritime transport, completed the huge dedication deal on 9 giant crude oil tankers. "Burqan".

This deal, which was concluded with a company "Capital Maritime & Trapooring Corporation" Greek in August 2024, an exceptional achievement in the speed of implementation within the marine oil sector, as it was successfully completed in less than 12 months.

This strategic expansion is one of the most prominent investments in the history of the Bahri Company, and its pioneering position is established as the largest owner and operator of giant crude oil tankers in the world. Carbonism, and improving energy efficiency, reflecting the firm commitment of Al -Bahri to the principles of environmental sustainability and compliance with international standards.

50 giant oil tankers Hisham Al -Nagaimish, head of the Naval Oil Sector: said: "The reach of the company’s fleet represents 50 giant crude oil tankers in a milestone in the march of the growth of the sea oil sector. The fleet of the company, but also guarantees its readiness for the future by adopting the latest sustainable and environmentally friendly technologies. Net profits recorded 18% on an annual basis to reach 533 million riyals, supported by the operational flexibility of its advanced fleet, and the returns achieved from ship sales, as well as diversifying its business across the various sectors of maritime transport. Her integrated work and advanced logistical capabilities, which contributes to advancing innovation, empowering sustainable trade, and enhancing the Kingdom’s presence in international markets.

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