Saudi Shipper Bahri Reports Sharp Quarterly Profit Rise as Tanker Rates Climb
Sahmino Newsroom | 29 October 2026 | 13 days ago
Archive photo | Source: Mehr News
Saudi National Shipping Company Bahri reported third-quarter 2026 net profit of 5.1 billion Saudi riyals in a filing to the Saudi exchange on Wednesday, October 28, 2026, against 513 million Saudi riyals a year earlier, according to Mehr's account of the company statement. Higher tanker freight rates and increased vessel charters supported the oil division's revenue. These figures are the company's reported results for the past quarter, not a forecast of future income. Changes in Persian Gulf shipping feed into the cost of transporting the region's oil.
Sahmino context
What the prices have done since this story was published, and what Sahmino wrote around it
Over the same days, Tehran Stock Exchange Index rose 4.9 percent, to 8,357,840.
Over the same days, US Dollar fell 4.1 percent, to 2,599,000 rial.
- Tehran Stock Exchange Index
- +4.9%
- US Dollar
- −4.1%
Prices to the close of 10 November
From Sahmino that week
Dividend payment: PNTB
Calendar | 30 OctoberIran Radiator Revenue Doubled While Radiator Unit Sales Fell: Cash Collection Tests Sahmino's Target (Thursday 29 October 2026)
Article | 29 OctoberDividend payment: RIIR
Calendar | 29 OctoberKHFZ Lifts Domestic Prices 20% From 28 October; Retail Has Been a Net Seller for 20 Sessions and the Sahmino Desk Targets 3,003 Rial (Wednesday 28 October 2026)
Article | 28 October
More from this market
Saudi shipping group Bahri's first-half 2026 profit jumps 421% to $1.3 billion
Stocks | 4 months agoDIBZ Takes On Underwriting and Market-Making for Badr Shargh Petrochemical Sukuk
Stocks | 13 days agoSamsung Credits Third-Quarter Operating Profit Surge to AI Chip Demand
Stocks | 13 days agoRefah Bank Cancels Previously Announced Amir Kabir Petrochemical Stake Auction
Stocks | 13 days ago