Bahri named Shipping Company of the Year at Seatrade Maritime Awards 2020
Solidifying its unchallenged status in the maritime industry, Bahri, a international 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.
Bahris award is in acknowledgment of the companys outstanding performance during the COVID-19 pandemic and its assurance to delivering quality-driven services and strategies to achieve sustained revenue growth during challenging times. The company recorded a amazing 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 gratified to be named the Shipping Company of the Year at MEISA 2020. This award is a testament to our commitment to excellence and recognizes our ability to manage challenges through long and short-term strategies that confirm sustained growth and efficiency at all levels. I would like to thank all our team members for their commitment and hard work, which has been crucial to our success, and we look forward to celebrating more achievements 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 regions maritime sector.
