Bahri Appoints New CEO
Saudi transportation and logistics giant Bahri has appointed Abdullah Aldubaikhi as the company’s new Chief Executive Officer, effective January 1.
A seasoned executive with over 30 years leadership experience, he will be responsible for setting and overseeing the implementation of Bahri’s core strategic direction, which the company says will include leading its “expansion into new growth markets while seeking new revenue streams”, at the same time as continuing to “integrate innovation into its business model,” MANA correspondent reported.
Aldubaikhi joins after a period of rapid growth for the company, originally established as the national shipping company of Saudi Arabia This year it has taken delivery of five new VLCCs from Korea, confirming its position as one of the world’s largest owner/operators of VLCCs with 41 such vessels, out of a total fleet of 88 ships.
The new CEO’s “extensive experience across diverse sectors, deep understanding of the evolving business landscape, and strong leadership credentials make him a natural choice to achieve our long-term business goals and align our strategy with Saudi Vision 2030 objectives,” said Abdulrahman M. Al-Mofadhi, chairman of Bahri.
“It is a great honor and privilege to be named CEO of a company that is recognized the world over as a transportation and logistics success story,” commented Abdullah Aldubaikhi on his appointment. “My immediate priority will be charting short and long-term goals for Bahri while strengthening the company’s commitment to the Saudi Vision 2030 and ensuring a positive impact on the continued growth of the global maritime sector through ambition and innovation.”
A Saudi national, Aldubaikhi joins Bahri from Saudi Agricultural and Livestock Investment Company (SALIC), where he served as CEO for six years, and he has also held senior management roles at a number of firms including Afwaf Investment, Awalnet, and DowLog Technology Company, which he co-founded in 1993.
Having initially graduated with a B.Sc. degree in Electrical Engineering from the King Fahd University of Petroleum and Minerals in Saudi Arabia, he also holds an Executive MBA from the University of Oxford in the UK.