|Market: Tadawul-4030||Symbol: NSCSA:AB||ISIN: SA0007870054||Industry: Transportation|
The National Shipping Company of Saudi Arabia (Bahri) was formed by a Royal Decree in the year 1978 as a Public Company, 22% ownership held by the Public Investment Fund "PIF" of the Saudi Government, 20% by Saudi Aramco Development Company and the remaining is widely held in public shares by Saudi Nationals.
Bahri has grown from a small shipping firm operating multipurpose vessels to become one of the biggest shipping conglomerates in the world and occupies a pre-eminent position among its industry peers at national, regional and international levels in all sectors of its business operations. It is the first national carrier, having celebrated its Silver Jubilee in the year 2004 and continues to successfully stride the triumphant march in 38 years of its existence and has generated a strong VIP customer base.
During the course of its diversification, the Company's services have been expanded to include transportation of Oil, General Cargo, Chemicals, and Dry Bulk. Having started off its operations for transporting general cargo and containers initially, the company with its commendable track record, has established the reputation of providing high standard of services to its customers in all sectors.
|52 Weeks High||41.05|
|Number of Shares (mil)||394|
|52 Weeks Low||24.50|
* The Board of Directors decided in its meeting held on 26th of December 2019 to distribute cash dividends to shareholders in the amount of SAR 197 million for H1 2019 at the rate of SAR 0.5 per share. The Board of Directors also recommended, in its meeting held on 19th of January 2020, the distribution of cash dividends valued at SAR 394 million to the shareholders for H2 2019 at SAR 1 per share.