17 DEC 2020
Award recognizes the company’s efforts to overcome the challenges of the pandemic year and achieve sustained revenue growth
Riyadh – 17 December 2020: Strengthening its unchallenged status in the maritime industry, Bahri, a global leader in logistics and transportation, was honored with the ‘Shipping Company of the Year’ award at the prestigious Seatrade Maritime Awards Middle East, Indian Subcontinent and Africa (MEISA) 2020, which was held virtually on December 14, 2020 to honor outstanding performances in the maritime industry.
Bahri’s award is in recognition of the company’s outstanding performance during the COVID-19 pandemic and its commitment to delivering quality-driven services and strategies to achieve sustained revenue growth during challenging times. The company recorded a remarkable increase of 302 percent in net profit for the first nine months of 2020 to reach SAR 1.49 billion, and an increase of 114 percent in net profit during the third quarter, reaching SAR 314 million.
Abdullah Aldubaikhi, Chief Executive Officer, Bahri, said: “We are proud to be named as the Shipping Company of the Year at MEISA 2020. This award is a testimony to our commitment to excellence and recognizes our ability to manage challenges through long and short-term strategies that ensure sustained growth and efficiency at all levels. I would like to thank all our team members for their dedication and hard work, which has been crucial to our success, and we look forward to celebrating more accomplishments together.”
Now in its 17th year, Seatrade Maritime Awards Middle East, Indian Subcontinent & Africa (MEISA) 2020 is the largest and longest-established awards program in the region’s maritime sector.