Saudi shipper Bahri says 2016 dividend flat at 2.5 riyals a share

DUBAI: The board of National Shipping Company of Saudi Arabia (Bahri) has proposed an annual cash dividend for 2016 of 2.5 riyals (Dh2.46; $0.67) per share, according to a bourse filing on Sunday.

The company, the official oil shipper for Saudi Aramco, paid the same dividend in 2015.

Bahri owns 36 VLCCs, including one VLCC designated as floating storage unit, 4 MRs and 1 Aframax which are all of high international standards.