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Article: Aldrees Petroleum announces board appointments.
- Article from:
- ADP News Middle East & Africa
- Article date:
- February 2, 2009
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(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 ...