ALDREES ANNOUNCING THE SIGNING OF CONTRACT WITH RELATED PARTY

27/12/2015 16:05 AST

Aldrees Petroleum and Transport Services Co. (ALDREES) announcing the signing of the rent contract of Al Nour Al Haditha station in Alkhobar city on 16/03/1437H, with annual rent of (SAR 400,000) contract term for (9) years renewable, as well as renew the existing contract of Al Nour Al Zahran station on the same city with annual rent of (SAR600,000) contract term for (10) years renewable. There is no special conditions in these two contracts and will show the financial impact from the 1st quarter of the year 2016 . These stations are equally owned by Seven Orbit Trading Company and Aldrees Industrial and Trading Company (ALITCO), where some members of the Board of Directors are co-owners and member of its board of directors, namely: Hamad Mohammed Aldrees, Abdulmohsen Mohammed Aldrees, Hussein Abdul Rahman Al-Athel, Eid Faleh Al-Shamri. These two stations with a great location, will achieve the desired goal of increasing sales, profits and proliferation in the region, and will obtain a higher market share It will be the approval of these contracts in the next General Assembly meeting.


Tadawul

News

Aldress Petroleum re-organize the board

22/12/2014

Aldrees Petroleum and Transport Services Company (ALDREES) announces the results of meeting No. 1 on Sunday evening 21-12-2014G corresponding to 29-02-1436H, of the new Board Of Directors with a term

Tadawul

Aldrees Petroleum announces deposit of the of the fractions shares

03/04/2014

Aldrees Petroleum and Transport Services Co. announces the completion of selling fractions shares arising out of the company's capital increase based on the approval of extraordinary general assembly

Tadawul

Aldrees Petroleum announced yearly 2013 net profit

16/01/2014

Aldrees Petroleum and Transport Services Company (Aldrees) announces its annual financial results for the period ended 31 December 2013, net profit during the fourth quarter amounted to SAR 26.4 mill

GulfBase

Most Viewed Companies

Ticker Price Volume

Valuation

ALDREES Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
JARIR 16.46 -0.03 (-0.19%)
EXTRA 74.25 0.25 (0.33%)
SASCO 46.60 -1.02 (-2.15%)
ALSAIFGALLERY 6.82 -0.02 (-0.30%)
CENOMIRETAIL 13.92 -0.18 (-1.28%)

Recent News

Takween Advanced Industries Unveils Capital Restructuring Plan

24/06/2026

Takween Advanced Industries (Tadawul: 1201) has announced that its Board of Directors, in a meeting held on June 23, 2026, resolved to recommend a significant restructuring of the company's capital.

Gulfbase

NBK's exclusive offer for new Jawhara customers: KD 50 and a chance to become a millionaire

24/06/2026

National Bank of Kuwait (NBK) has launched an exclusive offer for new customers, enabling them to open an Al-Jawhara account seamlessly through the NBK Mobile Banking App, without the need to visit a

Kuwait Times

Action Energy Co appoints KIC as market maker to enhance share liquidity

24/06/2026

Action Energy Company KSCP. (listed on the Premier Market of Boursa Kuwait: ALFTAQA), Kuwait's leading local partner for integrated upstream services, owner and operator of one of the youngest rig fl

Kuwait Times

Dana Gas gets Egypt dues cleared after new gas find beats forecast

24/06/2026

Dana Gas said Egypt has settled all overdue receivables and returned to full, timely payments, giving the Sharjah-based natural gas company fresh confidence to continue investing in the country after

Gulfnews

OQEP signs amendment to Block 9 agreement to boost oil output, reserves growth

24/06/2026

OQ Exploration & Production (OQEP) has signed an amendment to the Exploration and Production Sharing Agreement (EPSA) for Block 9, a move aimed at increasing operational activity, supporting producti

Muscat Daily

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap