15 SEP 2026

The National Shipping Company of Saudi Arabia (Bahri) announced the successful completion of a USD 263 million refinancing facility with BNP Paribas and the National Bank of Greece (NBG), marking an important step in the execution of the Group’s funding strategy.

The transaction represents Bahri’s first unsecured international bank financing facility, contributing to a reduction in the Group’s reliance on secured debt, enhancing financial flexibility, and further expanding its relationships with international financial institutions.

This is the first step in Bahri’s transition toward a Group-level funding model, as the Company continues to enhance the efficiency and resilience of its balance sheet, diversify its funding sources, and strengthen its ability to support future growth opportunities.