Article: Aldrees Petroleum announces board appointments.

(ADP News) - Feb 2, 2009 - Saudi Aldrees Petroleum & Transport Services Co (SAU:4200) has appointed Hamad bin Mohammed al-Drees board chairman, local Al Watan daily reported yesterday.

Abdul Mohsen al-Drees was appointed deputy board chairman and Abdullah al-Drees was re-elected managing director.

The company booked a net profit of SAR 52.9 million (USD 14.1m/EUR 11m) in 2008, up 5% year-on-year from SAR 50.4 million a year ago.

Aldrees Petroleum & Transport Services Co (www.aldrees.com), part of diversified company Mohammed Saad Aldrees & Sons Co, opened its first gas station in Riyadh almost 40 years ago.

The company operates through ...

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