JEDDAH — The National Shipping Company of Saudi Arabia (BAHRI), one of the world's largest and most diverse shipping conglomerates, has been awarded the Euromoney 2012 award for the best managed transport and shipping company in the Middle East, according to the latest survey by the world-renowned group. Bank analysts and equity investors provided their opinions on which companies they thought are the best by the individual sectors. Respondents nominated their top 3 Middle Eastern companies in order of quality by each company sector. Bahri CEO Saleh Al-Jasser said” “We are genuinely delighted and honoured to receive this award and believe it to be a reflection of our quest for excellence in global marine transport. We have worked tirelessly to build a world-class national leader in the maritime shipping domain.” “We have long been committed to developing the national shipping industry in Saudi Arabia and ultimately, will continue our development as a stronger, more diverse company that is equipped to meet the future maritime transport needs of all our customers,” he added. “We offer our sincere gratitude to those analysts and investors who have selected us for this great honor,” Al-Jasser noted. The annual Euromoney survey considers the region's biggest names in eleven different sectors and honors the outstanding achievements of companies which have positively contributed to the development of their respective industries in the Middle East. The annual results of the survey are published in Euromoney magazine, the highly circulated and reputable monthly magazine and flagship publication of business and financial publisher Euromoney Institutional Investor. Most recently, Bahri and Saudi Aramco reached definitive terms on the merger of fleets and operations with Aramco shipping subsidiary Vela International Marine Limited, making Bahri the exclusive provider of VLCC crude oil shipping services to the oil & gas giant. — SG
