Riyadh, Saudi Arabia — The National Shipping Company of Saudi Arabia (Bahri) has secured shareholder approval for a significant dividend payout and capital increase to support its growth strategy. The decision was finalized during Bahri’s Extraordinary General Assembly meeting on June 29, 2025.
The Assembly approved the Board of Directors’ recommendation to distribute SAR 738.28 million in cash dividends for the 2024 fiscal year. This represents 10% of the nominal share value, or SAR 1 per share. The announcement appeared on the Tadawul Saudi on Monday.
Dividend distribution through Riyad Bank will begin on Thursday, July 17, 2025. Eligible shareholders are those recorded with the Securities Depository Center (Edaa) by the end of the second trading day after the Assembly. Investors with active local bank accounts will receive direct deposits. Those holding physical share certificates must visit a Riyad Bank branch with valid identification to collect dividends.
Capital Increase to Support Bahri’s Long-Term Growth
Alongside dividends, shareholders approved a 25% capital increase funded by retained earnings. This grants one bonus share for every four shares owned. Bahri’s capital will rise from approximately SAR 7.383 billion to SAR 9.228 billion. The shares will increase from around 738.28 million to nearly 922.85 million.
The company said the capital increase strengthens its financial position and supports future expansion. “The objective is to create long-term shareholder value by investing in strategic growth opportunities,” Bahri stated.
The increase, funded by capitalizing SAR 1.846 billion from retained earnings, also targets shareholders registered with Edaa by the second trading day following the Assembly.
Fractional shares from the bonus issue will be consolidated into a single portfolio. Bahri will sell these shares at market price and distribute proceeds to eligible shareholders within 30 days.
The dividend and capital increase reflect Bahri’s confidence in the Saudi shipping sector and its commitment to long-term shareholder returns.
The Saudi Standard’s View: Bahri Balances Shareholder Rewards with Growth Plans
Bahri’s decision to pay cash dividends while increasing capital through bonus shares reflects a balanced strategy. It aims to reward investors while supporting long-term growth. In a sector shaped by global demand swings, this signals confidence in earnings stability and future expansion.
The 25% capital increase, funded entirely by retained earnings, shows financial strength without diluting shareholder value. The SAR 1 per share payout aligns with efforts by Saudi-listed companies to deliver shareholder returns and supports Vision 2030’s economic diversification targets.
For investors, the key takeaway is Bahri’s intent to maintain capital discipline while pursuing growth. As Saudi Arabia expands its maritime infrastructure, Bahri’s execution of these plans will determine the long-term value for shareholders.
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