A subsidiary of the National Shipping Company of Saudi Arabia (Bahri) has launched a new storage zone inside the Jeddah Islamic Port to enhance storage and logistics services and support trade and re-export movement through the Kingdom, according to a statement released today.

The facility, inaugurated by Bahri Logistics, will operate under the regulations approved by the Zakat, Tax and Customs Authority, allowing companies to store goods and re-export them without paying customs duties or value-added tax in advance, until they enter the local market, in accordance with relevant regulations. It also provides services including storage, handling, customs clearance, and value-added logistics services.

Sun, 12 2026

Capacity exceeding 80,000 pallets

The zone covers an area of more than 95,000 square meters, with a storage capacity exceeding 80,000 pallets and an operational capacity of over one million pallets per year. It includes 34 loading and unloading docks, facilities for moderate, refrigerated, and frozen storage, and a digital platform linked to the FASAH platform for real-time shipment tracking and operations management.

Bahri stated that the facility's location inside the Jeddah Islamic Port provides direct connectivity to international shipping routes, supporting import and re-export operations to the markets of Saudi Arabia, the Gulf countries, and East Africa, and enhancing supply chain efficiency for companies operating in the e-commerce, food, pharmaceutical, and major project sectors.

Cooperation with Red Sea

Bahri also signed a memorandum of understanding with Red Sea International to explore opportunities for collaboration in providing integrated logistics solutions to support the company's operational needs and projects. Bahri is the largest operator of crude oil and petrochemical tankers in the Middle East.

The company's CEO, Ahmed Al-Subaie, stated that the project is part of Bahri's plan to expand its integrated logistics services, enhance supply chain efficiency, and support the Kingdom's goals of establishing itself as a global logistics hub.

Tue, 24 2026

Bahri activity and shares

The National Shipping Company of Saudi Arabia owns 100% of the capital of Bahri Logistics, which has eight vessels and expects to receive two more vessels to support the sector's operations during the current year.

Bahri's share price has risen 13.7% since the beginning of the year, after reaching its highest price level since 2006 in April at 39.48 riyals, before paring some gains to trade currently at 32.98 riyals. The stock's performance was supported by the company's benefit from geopolitical tensions in the region, in addition to its announcement of achieving the highest quarterly profit since 2003.

Bahri recorded net profits of 2.1 billion riyals in the first quarter of 2026, the highest since 2003, supported by improved operational performance and higher global shipping rates in several sectors, particularly the oil transport sector.

The Public Investment Fund holds a 22.6% stake in the capital of the National Shipping Company, while Aramco Trading Company, a subsidiary of Saudi Aramco, holds a 20% stake in the company.