Bahri closes at record high since 2006; gains over 37% in one month
Shares of Tadawul-listed National Shipping Company of Saudi Arabia (Bahri) rose by 6% today, Oct. 5, to SAR 29.86, recording their highest close since 2006.
The stock hit an intraday high of SAR 29.98.
Earlier, Bahri signed a SAR 762 million purchase agreement with International Marine Industries Co. (IMI) to build and deliver six crane-equipped Ultramax dry bulk vessels.
| Year High (SAR) | Year Low (SAR) |
| 29.98 | 20.64 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 45.69 | 1.40 |
With today’s performance, Bahri’s shares have gained more than 37% over the past month.
Market Data :
| Open | 35.44 |
| Low | 34.96 |
| High | 35.52 |
| Previous Close | 35.52 |
| Change (3M) | 9.13 % |
| Change (6M) | 6.94 % |
| Market Value | 32,428.95 |
| Avg. Volume (3M) | 2,028,888.20 |
| Avg. Turnover (3M) | 68,768,006.34 |
| Avg. Transaction (3M) | 4,652.14 |
| Change(12M) | 27.78 % |
| YTD | 21.26 % |
The company has implemented several capital adjustments since its listing on Tadawul, as shown in the table below:
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2025 | Bonus Shares | 9,228.52 | 25.00% |
| 2023 | Bonus Shares | 7,382.81 | 50.00% |
| 2022 | Bonus Shares | 4,921.88 | 25.00% |
| 2014 | Private Offering | 3,937.50 | 25.00% |
| 2007 | Right Issue | 3,150.00 | 40.00% |
| 2006 | Bonus Shares | 2,250.00 | 12.50% |
Financial Performance :
Overview :
The company was established as a Saudi joint-stock company in Riyadh with capital of SAR 500,000 in 1978 and commenced commercial operations upon foundation. It merged with Vela International Marine Ltd. in 2014.
Activities and Business Segment
The company operates in shipping and logistics services by owning a fleet of VLCCs and tankers designated for transporting oil, petrochemicals, and general cargo. It conducts its business through several key business segments, with the oil transport...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 32,428.98 |
| Shares Outstanding ((M)) | 922.85 |
| Recurring EPS ( Riyal) (TTM) | 6.85 |
| Book Value (BV) ( Riyal) (Latest announcement) | 20.60 |
| Recurring P/E (TTM) | 5.13 |
| Price/book | 1.71 |
| Dividend Yield (%) (Last Year) | 2.85 |
| Return on Average Assets (%) (TTM) | 19.78 |
| Return on Average Equity (%) (TTM) | 38.98 |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 39,817.12 |
| EV/adj EBITDA | 4.79 |
| EV/ EBITDA | 4.50 |
| EV/Revenues | 2.34 |
Calendar :
-
14 January
General Assembly
- -
10 June
Ex-dividend Date
- -
10 June
General Assembly
- -
25 June
Cash Dividend Distribution
- -
05 August
Conferences
- -
10 September
Ex-dividend Date
-
Call Request
Comments Analysis: