Latest news with #NAQELExpress
Argaam
5 days ago
- Automotive
- Argaam
Aldrees stations hit 1,200 by Q2-end: CEO
Aldrees Petroleum and Transport Services Co. operated around 1,200 fuel stations by the end of Q2 2025, with a fleet of nearly 600 fuel transport trucks, CEO Abdulilah Aldrees said. He told Argaam the year-on-year (YoY) rise in Q2 net profit was driven by higher sales in fuel and logistics, increased income from bank deposits and sukuk, and a pickup in other revenues. This offset weaker returns from the joint venture, and higher selling, general, administrative, financing and zakat costs. Aldrees said the drop in joint venture returns was driven by higher general and administrative (G&A) and financing costs, but the overall impact on performance was limited. He said the 35% revenue growth in Q2 2025 was fueled by network expansion, better transport rates, and higher diesel prices, supporting overall business growth. Petroleum sales hit SAR 6.02 billion in Q2, with NAQEL Express contributing SAR 194 million, bringing total revenue to SAR 6.21 billion. Aldrees expects strong performance to continue in Q3 2025 and in the coming periods. According to Argaam 's data, Aldrees posted a 25% YoY profit increase to SAR 199.7 million in H1 2025, up from SAR 159.8 million a year earlier, while Q2 profit rose 21% YoY to SAR 99.7 million.
Argaam
12-03-2025
- Business
- Argaam
Alshehili signs 2 contracts with NAQEL Express for SAR 15.1M
Alshehili Co. for Metal Industries signed two contracts with NAQEL Express for the supply of curtain trailers and dry transport boxes, with a total value of SAR 15.1 million (VAT inclusive). According to a statement to Tadawul, under the first contract the company will prepare, manufacture, and supply 51 curtain trailers within four months from the purchase order date, for SAR 8.8 million. The relevant financial impact is expected to appear in 2025, the statement added. In a separate statement to Tadawul, the company pointed out that, under the second contract, it will manufacture 172 boxes, divided into three types based on the client's requirements. Some will be curtain boxes, others sliding door boxes, and the remainder will be steel boxes with sides that open downward. The value of the second contract is SAR 6.3 million. The financial impact of the second contract is expected to be reflected in H2 2025.
