Bahri Annual Report-2014

Information about the Company and its Subsidiaries The following table shows the companies that are wholly or partially owned by Bahri:

Geo- graphic scope of activity

Place of incorpo- ration

Incor- poration date

Owner- ship (2014)

Company name

Core activity

NSCSA (America) Inc.

Agent

USA

Global

1991

100%

Technical ship management Chemical transportation Dry bulk cargo transportation

Mideast Ship Management Ltd.

UAE

Global

1996

100%

National Chemical Carriers Ltd. Co. (NCC)*

KSA

Global

1990

80%

Bahri Dry Bulk Co. (BDB)

KSA

Global

2010

60%

LPG transportation and trading Manufacturing of float glass

Petredec Ltd.

Bermuda

Global

1980

30.3%

Arabian United Float Glass Co.

KSA

Local

2006

4.69%

* Owns a subsidiary in the UAE under the name of “National Chemicals Carriers JLT” since 2013 that manages operations of NCC fleet commercially.

Company Strategy Bahri enhances its competitiveness in global markets through expanding its business activities, increasing its fleet, and consolidating its financial and operational position by diversifying and managing the investments in accordance with the Company’s strategic plans.

The Company’s strategic plan for 2014 included the following:

 Receiving the remaining ships under construction

 Finalizing the merger of Vela’s fleet and operations with Bahri

Exploring investment opportunities

 Improving operational performance in all sectors and business units of Bahri

 Start preparing a new strategic plan for the next five (5) years.

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Annual Report 2014

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