Al-Drees Q2 profit rises to 124M SAR
The preliminary financial results of Al-Drees Petroleum Services and Transportation showed an increase in net profits by 28.13% year-over-year in the second quarter of 2026, reaching 124 million riyals compared to 96.7 million riyals in the same period of the previous year. The company's sales also grew by 18% to reach 7.33 billion riyals during the quarter, driven by expansion in the number of stations and an increase in the fleet of trucks. In the first half of the year, profits rose by 18.4%, amounting to 234.1 million riyals, supported by higher sales, bank deposit revenues, and investment in sukuk, despite the impact of decreased results from a joint venture investment and increased expenses.
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