Aldrees Petroleum and Transport Services Company

Aldrees Petroleum and Transport Services Company, commonly known as Aldrees or APTSCO, is a Saudi Arabian petroleum retail and logistics company headquartered in Riyadh. Its principal activities are the operation of fuel stations and the provision of transportation-related services. The company traces its origins to the commercial activities of Sheikh Mohammed Saad Aldrees, who began trading livestock in the Saudi village of al-Artawiyah in 1938 before moving into transport services for parcels and government mail. He acquired his first truck during the 1940s and subsequently developed a broader transportation business. The company’s petroleum activities began before its formal incorporation. In 1957, Mohammed Saad Aldrees opened a small gasoline station in Riyadh. The station initially consisted of four barrels and a single hose, but it established the basis for a business combining fuel retail with transport and logistics. On September 12, 1962, Sheikh Mohammed Saad Aldrees and his four sons established Mohammed Saad Aldrees and Sons Company Limited as a family partnership. The business combined petroleum retailing with logistics and transportation. It leased its first station in Riyadh’s Rail Street area in 1963 and owned another station on Dhahran Street in Riyadh’s al-Malazz district by 1965. The company later changed its legal form and brand structure. It became a limited liability company in 2002. On December 14, 2004, Mohammed Saad Aldrees and Sons Company Limited was renamed Aldrees Petroleum and Transport Services Company after its non-petroleum and transport-related operations were separated into Aldrees Industrial and Trading Company, also known as ALITCO. This reorganization left Aldrees focused on petroleum retailing and transport services while separating other industrial and trading activities. Aldrees became a publicly listed joint stock company on the Saudi Stock Exchange, Tadawul, through ministerial resolutions issued in 2005 and 2006. Its public-company structure supported the development of a larger branded service-station network and continued participation in Saudi Arabia’s road-fuel and commercial-transport markets. In 2012, it entered into an agreement with Emirates National Oil Company to establish a company concerned with owning, leasing, constructing, operating, and maintaining modern fuel stations in Saudi Arabia, including stations on highways and in cities. By 2021, available reference material described Aldrees as owning approximately 600 fuel stations across Saudi Arabia, representing about 5.3 percent of the country’s roughly 11,000 stations. The company was also reported to have explored international expansion by bidding to acquire 60 fuel stations in Egypt. The documented business remains primarily Saudi Arabian, however, and the Egypt initiative is best treated as an expansion effort rather than confirmed evidence of an established operating network there. Aldrees’ brand identity is therefore associated with a nationwide Saudi fuel-station presence alongside logistics and transport capabilities developed from its family-business origins.

Aldrees Petroleum and Transport Services Company developed from the commercial activities of Sheikh Mohammed Saad Aldrees, who began working in 1938 by trading goats, sheep, and camels in al-Artawiyah, Saudi Arabia. He later expanded into transportation, carrying parcels and government mail. During the 1940s he purchased his first truck, providing an early foundation for the transport and logistics activities that would remain associated with the business. The company entered petroleum retailing before its formal establishment. In 1957, Mohammed Saad Aldrees opened a gasoline station in Riyadh. The station was modest, using four barrels and one hose to supply gasoline, but it marked the beginning of the family’s fuel-retailing operations. On September 12, 1962, Sheikh Mohammed Saad Aldrees and his four sons formally founded Mohammed Saad Aldrees and Sons Company Limited as a family partnership. The company combined petroleum retailing with logistics and transportation rather than treating fuel stations as an isolated activity. The early station network expanded gradually. In 1963, the company leased its first station on Rail Street in Riyadh. By 1965, it owned another station on Dhahran Street in the al-Malazz neighborhood of Riyadh. These locations formed the early basis of a business that would later develop a much larger Saudi network. The company changed its legal structure in 2002, becoming a limited liability company. A significant corporate reorganization occurred in December 2004. On December 14, the former Mohammed Saad Aldrees and Sons Company Limited was renamed Aldrees Petroleum and Transport Services Company. At the same time, its non-petroleum and transport operations were carved out into a separate company called Aldrees Industrial and Trading Company, or ALITCO. The change clarified Aldrees’ focus on petroleum retailing and transport services and created a distinct corporate home for other activities. The company subsequently transitioned into the Saudi public-company environment. Ministerial resolutions issued in 2005 and 2006 enabled Aldrees to become a publicly listed joint stock company on Tadawul. Its listing represented a further change from its original family-partnership structure and placed the business within the formal Saudi listed-company market. In 2012, Aldrees signed an agreement with Emirates National Oil Company to establish a new venture focused on modern fuel stations in Saudi Arabia. The proposed activities included owning, renting, constructing, operating, and maintaining stations located on highways and within cities. This agreement connected Aldrees’ established Saudi network and operating experience with a broader station-development model. By 2021, the company was described as owning around 600 gas stations across Saudi Arabia. This gave it an estimated 5.3 percent share of the country’s approximately 11,000 fuel stations. The company was also reported to have pursued a bid to acquire 60 gas stations in Egypt. The documented material identifies this as an expansion attempt, but does not establish that the acquisition was completed or that Aldrees had created a sustained Egyptian operating network. The available history therefore supports a picture of a Saudi-centered petroleum retail and transport company that evolved from a family transport business into a listed operator with a large national fuel-station portfolio.

1. 2021Reported Saudi network and Egyptian expansion bid

   Aldrees is reported to own approximately 600 Saudi fuel stations and to have bid for 60 stations in Egypt.

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2. 2012Fuel-station development agreement with ENOC

   Aldrees signs an agreement with Emirates National Oil Company for a venture covering modern fuel-station ownership, leasing, construction, operation, and maintenance in Saudi Arabia.

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3. 2006Public listing on Tadawul

   Aldrees becomes a publicly listed joint stock company following Saudi ministerial resolutions issued in 2005 and 2006.

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4. 2004Renaming and corporate separation

   On December 14, the company adopts the Aldrees Petroleum and Transport Services name while non-petroleum and transport operations are separated into ALITCO.

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5. 2002Conversion to a limited liability company

   The family business changes from its earlier partnership structure to a limited liability company.

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6. 1965Second documented Riyadh station

   The company owns another station on Dhahran Street in Riyadh’s al-Malazz district.

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7. 1963First leased station

   The company leases its first fuel station on Rail Street in Riyadh.

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8. 1962Family partnership is established

   Mohammed Saad Aldrees and his four sons establish Mohammed Saad Aldrees and Sons Company Limited on September 12.

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9. 1957First gasoline station opens in Riyadh

   Mohammed Saad Aldrees opens a small Riyadh gasoline station using four barrels and one hose.

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10. 1940Entry into truck-based transportation

    During the 1940s, Mohammed Saad Aldrees purchases his first truck and develops transportation services for parcels and government mail.

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11. 1938Mohammed Saad Aldrees begins commercial activities

    Sheikh Mohammed Saad Aldrees begins his business career trading livestock in al-Artawiyah, Saudi Arabia.

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A Saudi Arabian fuel-retailing and transport-services company with a nationwide service-station network and family-business origins in logistics.

• Aldrees fuel stationsFuel retail1957

  Aldrees operates fuel stations serving road users and other petroleum-fuel customers in Saudi Arabia. The company’s station business grew from its first small Riyadh site in 1957 into a network reported at approximately 600 stations by 2021. The available material establishes the station network and fuel-retailing role but does not provide a verified breakdown of fuel grades, convenience retail, vehicle services, or other station amenities.

• Petroleum retailingPetroleum services1957

  Petroleum retailing is the company’s central consumer-facing activity. Aldrees supplies gasoline and operates service stations within the Saudi road-fuel market. Its petroleum identity became explicit in the company’s current name after the 2004 separation of non-petroleum activities. Detailed information about product specifications, wholesale relationships, and customer programs is not established in the cited material.

• Transport and logistics servicesTransportation and logistics1940

  Transportation and logistics originated with Mohammed Saad Aldrees’s parcel and government-mail services and the acquisition of his first truck in the 1940s. The business has continued to be associated with commercial transport and logistics, although the available reference does not specify fleet size, cargo types, contract customers, or geographic routes.

• Fuel-station development and maintenanceEnergy infrastructure services2012

  Through the 2012 agreement with Emirates National Oil Company, Aldrees participated in a proposed venture covering the ownership, leasing, construction, operation, and maintenance of modern fuel stations in Saudi Arabia. The planned sites included both highways and urban locations. The source does not provide a confirmed count of stations delivered through this arrangement.

• 2021Bid for fuel stations in EgyptM&A

  After building a large Saudi station network, Aldrees considered expansion outside its home market.

  What changed. The company began bidding to acquire 60 gas stations in Egypt.

  Aftermath. The cited material does not confirm whether the bid succeeded, so the event is recorded as an expansion attempt rather than a completed acquisition.

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• 2012Enter a fuel-station development agreement with Emirates National Oil CompanyM&A

  Aldrees sought to develop modern service stations in Saudi Arabia beyond the operation of existing sites.

  What changed. Aldrees signed an agreement with Emirates National Oil Company to establish a company covering fuel-station ownership, leasing, construction, operation, and maintenance.

  Aftermath. The agreement created a framework for joint fuel-station development on highways and in Saudi cities, but the cited material does not report the venture’s subsequent operating results.

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• 2006Transition to a publicly listed joint stock companyOther

  After operating as a family partnership and later as a limited liability company, Aldrees pursued a public-company structure in Saudi Arabia.

  What changed. The company became listed on Tadawul following ministerial resolutions issued in 2005 and 2006.

  Aftermath. Aldrees moved from a privately held family-business model into the Saudi listed-company market.

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• 2004Separate non-petroleum activities and adopt the Aldrees Petroleum and Transport Services nameStrategy

  The original family company combined petroleum retailing, transportation, and other industrial or trading activities. The corporate structure was reorganized in December 2004.

  What changed. The company was renamed Aldrees Petroleum and Transport Services Company, while non-petroleum and transport-related operations were separated into Aldrees Industrial and Trading Company.

  Aftermath. The reorganization established the current company identity and sharpened its association with petroleum retailing and transport services.

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• 2021Aldrees explores acquisition of fuel stations in Egypt

  Aldrees was reported to have begun bidding for the acquisition of 60 gas stations in Egypt, indicating an attempt to expand beyond its established Saudi Arabian network.

  M&A
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• 2012Aldrees and Emirates National Oil Company establish a fuel-station venture

  Aldrees signed an agreement with Emirates National Oil Company concerning a new company intended to own, lease, build, operate, and maintain modern fuel stations in Saudi Arabia.

  M&A
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• 2006Aldrees becomes a publicly listed Saudi joint stock company

  Following Saudi ministerial resolutions issued in 2005 and 2006, Aldrees became a publicly listed joint stock company on Tadawul.

  Other
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• 2004Aldrees is renamed following separation of non-petroleum activities

  Mohammed Saad Aldrees and Sons Company Limited changed its name to Aldrees Petroleum and Transport Services Company after non-petroleum and transport-related operations were separated into Aldrees Industrial and Trading Company.

  Other
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1. Aldrees Petroleum and Transport Services Company