Riyadh – Mubasher: The National Shipping Company of Saudi Arabia, known as Bahri, held its Ordinary General Assembly meeting on 10 June 2026, where shareholders approved a substantial cash dividend for 2025 and ratified several high-value commercial agreements with related parties.
During the assembly, shareholders approved the Board of Directors' recommendation to distribute a total of SAR 922.85 million in cash dividends for the fiscal year ended on 31 December 2025. This distribution represents SAR 1 per share, equivalent to 10% of the share’s nominal value.
Eligibility for the dividend was set for shareholders owning stock at the close of trading on the day of the assembly.
Bahri confirmed that dividend payments will commence on or before 25 June 2026, through the Saudi National Bank.
Shareholders with linked investment accounts will receive deposits directly, while others are advised to visit bank branches or update their data through the Securities Depository Center (Edaa).
Investments
The assembly also addressed significant related party transactions conducted during the 2025 fiscal year. Shareholders ratified crude oil transportation service contracts with Aramco Trading Company totaling SAR 3.20 billion.
These transactions involved indirect interests for board members Ahmed Al Khunaini, who serves on the board of Aramco Trading, and Mohammed Al Mulhem, the company’s CEO.
Additionally, the assembly approved financing loan transactions with Alinma Bank amounting to SAR 1.69 billion, in which board member Abdulmalik Al Hogail holds an indirect interest as a member of the bank’s board.
The company noted that all such agreements were executed under prevailing market commercial terms without preferential conditions.
In addition to financial approvals, the assembly authorized several governance and policy updates. This included amendments to the remuneration policy for the Board of Directors, its sub-committees, and executive management.
Shareholders also approved revised working regulations for both the Audit Committee and the Nomination and Remuneration Committee.
Furthermore, the Board of Directors was granted authorization to distribute interim dividends on a quarterly or semi-annual basis for the 2026 fiscal year, providing the company with greater flexibility in managing shareholder returns.
The comprehensive approvals granted during this session underscore the company’s commitment to maintaining its dividend policy while navigating large-scale operational contracts with major national entities.
By securing mandates for interim dividends and renewing governance frameworks, Bahri continues to align its administrative structure with the evolving regulatory requirements for listed joint-stock companies in the Saudi market.
