The National Shipping Company of Saudi Arabia (4030.SR)

27.50 -0.05 (-0.18%) At close: 03:15PM AST

The National Shipping Company of Saudi Arabia

Olaya Towers, Tower B
Florrs 12-15 Olaya District P.O Box 5101
Riyadh 1142
Saudi Arabia
966 11 4785454
https://www.bahri.sa

Sector(s): Industrials
Industry: Marine Shipping
Full-time employees: 

Key executives

Name	Title	Pay	Exercised	Year born
Engineer Ahmed Ali Al-Subaey	CEO & Executive Director	330k	N/A	1961
Engineer Fayez Abdullah Al-Asmari	Chief Financial Officer	N/A	N/A	N/A
Mr. Abdulrahman Mohammed Abdulmohsen Al Suhaibani	Member of Management Board	N/A	N/A	N/A
Mr. Chakib Abi Saab	Chief Technology Officer	N/A	N/A	N/A
Mr. Abdullah Ali Al-Mousa	General Counsel & Legal Affairs	N/A	N/A	N/A
Engineer Ahmed Mohammed Alkhunaini	Acting Senior VP of Sales, Trading & Supply Planning and Director	N/A	N/A	1966
Mr. Majed Hamad Al-Shenaiber	Senior Vice President of Information Technology	N/A	N/A	N/A
Mr. Naser Mohammed Al-Abdulkarim	President of Bahri Oil	N/A	N/A	N/A
Mr. Ahmed bin Muhammad Al-Ghaith	President of Bahri Logistics	N/A	N/A	N/A
Prof. Nizar Banbila	Head of Maritime Bulk Goods Sector	N/A	N/A	N/A

Amounts are as of 31 December 2019, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in SAR.

Description

The National Shipping Company of Saudi Arabia, together with its subsidiaries, purchases, sells, and operates vessels for the transportation of cargo in the Kingdom of Saudi Arabia. The company operates in four segments: Transportation of Oil; Transportation of Chemicals; Logistics; and Transportation of Dry Bulk. It transports crude oil and petrochemical products; and provides technical ship management and logistics services. The company also engages in agency activities for maritime shipping companies; cargo clearance and coordination for transport and storage on-board vessels; and other marine transport activities. In addition, it owns land and properties; and owns shares in other companies. As of December 31, 2023, the company's fleet consisted of 88 owned vessels and 10 vessels under lease contract, including 38 very large crude-oil carriers and 1 product tanker for the crude oil transportation sector; 36 tankers in the spot market and 6 tankers under charter agreements for the chemical transportation sector; 6 RoCon vessels for the logistics sector; and 11 vessels for the dry bulk transportation sector. The National Shipping Company of Saudi Arabia was founded in 1978 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.

Corporate governance

The National Shipping Company of Saudi Arabia’s ISS governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.