The Arab Bridge Shipping Company's general assembly meeting was held on October 2, 2026, under the chairmanship of Egyptian Transport Minister Kامل الوزير. The meeting was attended by Jordanian Transport and Labor Minister Dr. نضال القطامين, and representative of Iraqi Transport Minister وهب الحسني, حازم الحفاظي. The company's achievements and key performance indicators for the first nine months of 2026 were reviewed during the meeting.
The company's managing director, عدنان العبادلة, reported that the company's financial results continued to grow, with profits exceeding $40 million until September 30, 2026. The company's assets, equity, and revenues also reached historic levels. Additionally, the number of trucks transported increased by 15%, and passenger transport on the company's vessels continued to grow.
The company's fleet is being expanded with the addition of new vessels, including the passenger and cargo ship "الجسر", which has a capacity of 85 trucks and 254 passengers, and the high-speed boat "آشور", which can carry 312 passengers. These new additions bring the total number of vessels in the company's fleet to 11.
The company's strategy is focused on increasing its operational capabilities, improving flexibility in managing its operations, and diversifying its services. The company is also preparing to launch new shipping lines, including the سفاجا-ضبا line, which is an important route for transporting passengers, trucks, and goods between Egypt and Saudi Arabia.
The company's plans for 2027 were also discussed, focusing on expanding its activities, developing its services, and diversifying its investments. The company aims to transition from a business model primarily focused on sea transport to a more comprehensive and integrated system, including infrastructure, services, and maritime industries.
Minister Kامل الوزير emphasized that the company's results reflect its transition to a new stage of development, with a focus on updating its fleet and diversifying its activities. He also highlighted the Egyptian government's efforts to develop the country's ports and transportation infrastructure, with the aim of transforming Egypt into a regional hub for transportation and logistics.
The meeting was attended by representatives of the company's shareholders, and the participants praised the company's performance and its role in promoting Arab cooperation and integration. The company's managing director expressed his appreciation for the support of the governments and ministries of transport in the three founding countries, as well as the cooperation with the Egyptian and Jordanian authorities.
Key points
- The Arab Bridge Shipping Company's profits exceeded $40 million in the first nine months of 2026.
- The company's fleet is being expanded with the addition of new vessels, including the passenger and cargo ship "الجسر" and the high-speed boat "آشور".
- The company is preparing to launch new shipping lines, including the سفاجا-ضبا line, which will enhance its services and role in the region.
