Bahri Annual Report-2014

Subsidiaries capital as of end of 2013 & 2014

Legal status

Incorpora- tion date

Capital in 2014

Capital in 2013

Ownership in 2014 (%)

Ownership in 2013 (%)

Details of shares

Company

NSCSA (America) Inc.

LLC

1991

3,750,000 3,750,000

100%

100%

1,000

Mideast Ship Man- agement Ltd.

LLC

2010

306,540

306,540

100%

100%

1

National Chemical Carriers Ltd. Co. (NCC)

LLC

1990 610,000,000 610,000,000

80%

80% 61,000,000

LLC

2010 200,000,000 200,000,000

60%

60%

200,000

Bahri Dry Bulk (BDB)

Summary of financial results of Subsidiaries in 2014 (In Thousands of Saudi Riyals)

General & admin- istrative expenses

Contribu- tion to Bahri’s net profit (%)

Total operating income

Other revenue (expenses)

Operating revenue

Operating expenses

Fuel subsi- dies

Net profit (loss)

Company

NSCSA (America) Inc.*

21,652 (21,742)

-

(90)

-

36

(54) 0.01-%

Mideast Ship Man- agement Ltd.**

54,324 (52,611)

-

1,713

-

(1,363)

350 0.07%

National Chemi- cal Carriers Ltd. Co.(NCC)

802,922 (677,776)

23,816 148,962 (20,483) (53,847)

74,632 13.98%

-

53,755 (3,597) (16,214)

33,944 6.36%

Bahri Dry Bulk (BDB) 120,838 (67,083)

* It depends for its income totally on the mother company. ** It depends for its income totally on the mother company and its subsidiaries.

73

The National Shipping Company of Saudi Arabia ( )

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