Aldrees Petroleum and Transport Services Co. is set to add 21 new fuel stations this year, said Abdulmohsen bin Mohammed Aldrees, vice chairman of the company.
The company will own some and rent others, he told CNBC Arabia in a phone call.
Revenues this past fiscal year were bolstered by expanding the company’s fuel station network and transport fleet. Aldrees added 29 new stations and 59 trucks, and shut down 22 old stations and 24 trucks.
According to the data available on Argaam, the company on Sunday posted SAR 31.3 million in net profit for Q4-2014, a 19 percent year-on-year increase.
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