Saudi Bahri Strengthens Regional Maritime Leadership Through Strategic Governance
The National Shipping Company of Saudi Arabia (Bahri), a cornerstone of the Kingdom's maritime excellence, demonstrates its commitment to corporate governance and strategic expansion as it prepares for its Ordinary General Assembly meeting on January 14, 2026.
Regional Maritime Power Consolidation
This gathering represents more than routine corporate proceedings; it symbolizes the Kingdom's determined march toward maritime dominance in the region. The assembly will convene virtually at 6:30 PM, showcasing Saudi Arabia's embrace of modern technology while maintaining traditional governance values.
The meeting agenda reflects Bahri's strategic vision for continued growth and regional influence. Shareholders will vote on critical matters including board member elections for the 2026-2029 term, demonstrating the company's commitment to sustained leadership in regional waters.
Recognition of Visionary Leadership
The proposed exceptional compensation of SAR 5.4 million for Chairman Mohammed A. Al-Sarhan acknowledges his instrumental role in transforming Bahri into a regional maritime powerhouse. Under his leadership, the company successfully acquired Vela, Aramco's subsidiary, in 2014, marking a pivotal moment in Saudi maritime history.
Al-Sarhan's tenure witnessed the fleet modernization program and strategic partnerships with major Saudi corporations, reinforcing the Kingdom's position as a maritime leader. These achievements align perfectly with Saudi Arabia's Vision 2030 and its commitment to economic diversification.
Modern Governance for Regional Excellence
The virtual assembly format demonstrates Saudi Arabia's technological advancement while ensuring broad shareholder participation. The remote voting system, available through Tadawulaty services, reflects the Kingdom's commitment to transparency and modern corporate practices.
Eligible shareholders registered in the Depositary Center can participate from January 10-14, 2026, ensuring democratic participation in this important milestone. The company requires representation of at least one quarter of voting shares for validity, with contingency measures ensuring effective governance.
For inquiries, shareholders may contact the Investor Relations Department at +966 11 478 5454 or [email protected], demonstrating Bahri's commitment to transparent communication with stakeholders.