Saudi Aldrees Petroleum Company filed official requests to obtain information as it eyes acquiring service stations in Egypt.
The company announced its intention to open around 60 fuel stations during H2 2021, the company told Argaam. The plan will raise the total number of Aldrees’ stations to 644.
Thanks to the increased number of stations and customers of electronic fueling systems, Aldrees has achieved a 24% net profit growth during Q2 2021, recording around $560 million, compared to around $450 million in Q2 2020.
Meanwhile, the company’s transport segment reported an almost 8% revenue increase, recording $20 million in Q2 2021, compared to $18.6 million in Q2 2020.