Petromin inks new partnership deal with Hyundai and Al-Majdouie

Updated 11 April 2015
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Petromin inks new partnership deal with Hyundai and Al-Majdouie

Petromin Corporation, Saudi Arabia’s leading oil marketing company has signed a five-year partnership with Hyundai and Al-Majdouie to serve its premium motor oils at all Hyundai service centers in the Eastern Region.
The contract signing ceremony, in which executives and senior managers from both organizations took part, was held in Alkhobar.
Petromin Corporation CEO Samir Nawar said the occasion marked the beginning of a progressive partnership between both organizations.
Petromin has expanded and diversified its business over the years and is a house of opportunity for auto dealers in strengthening their after sales services, utilizing the Petromin Express service centers and its other retail outlets under Petromin, etc.
Petromin fuel stations are another emerging leader in the modern fuel outlets, as being one of the only two companies authorized to setup fuel outlets on Kingdom highways.
Sameer A. Fakeeh, EVP, domestic sales Petromin, said the relationship between Petromin and Al-Majdouie spans decades and he has been looking forward to serve them for years to come
Yousef Al-Majdouie, CEO Al-Majdouie Autos, expressed his confidence over the partnership. “Petromin has been a long-standing partner and we are confident that this cooperation will back up the high standard performance of Hyundai cars and the after sales service provided by Al-Majdouie,” he added.
The contract also covers the supply of Petromin premium diesel engine oils to Al-Majdouie Logistics for the next five years.


Bahri’s maritime solutions on show

Updated 20 February 2019
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Bahri’s maritime solutions on show

Saudi shipping company Bahri is demonstrating its commitment to advancing the growth of maritime industry and improving security in the logistics business at the International Defense Exhibition (IDEX) and Naval Defense and Maritime Security Exhibition (NAVDEX).

The events are being held under the patronage of Sheikh Khalifa bin Zayed Al-Nahyan, president of the UAE and supreme commander of the UAE Armed Forces in Abu Dhabi from Feb.17-21.

Khaled bin Hussain Biyari, assistant minister of defense — executive affairs; General Awwad Eid Al-Balawi, director general of Saudi Arabian Border Guards; and other officials visited Bahri’s booth during the events.

As part of its participation, Bahri is showcasing its maritime capabilities and innovation-driven solutions at the largest defense expo in the Middle East. The company is also highlighting its unmanned surface vessels (USVs) at its booth. Powered by MAP Pro technology, which transforms any vessel into an autonomous one, Bahri’s USVs are capable of numerous applications, including gathering data, surveillance and reconnaissance. In addition, the vessels offer significant cost savings and reduce human workload in high-risk operations. 

Bringing together more than 1,310 specialized companies from 62 countries, both events offer a strategic business platform for exhibitors to present their latest naval, maritime and coastal security technology, equipment and crafts, and explore partnership opportunities with local and international companies. 

Abdullah Aldubaikhi, CEO of Bahri, said: “Events such as IDEX and NAVDEX provide a unique opportunity to gather new insights into new security technologies that can help companies thrive in a safe and secure trade. With Saudi Arabia being at the forefront of efforts aimed at maintaining stability and security in the region, maritime security is a key focus area for the Kingdom.” 

Aldubaikhi added: “Bahri’s presence at IDEX and NAVDEX 2019 is part of our strategy to further strengthen our offerings to enhance the Kingdom’s maritime capabilities and support its transformation as the world’s leading logistics hub. The exhibition also provides us with an excellent platform to connect with our customers and explore new partnership opportunities that will further drive our ambitious expansion plans.”

Bahri Logistics, one of the five business units within Bahri and one of the top 10 breakbulk carriers in the world, operates six new state-of-the-art multipurpose vessels that are capable of carrying different types of cargo, including project, ro-ro, breakbulk, equipment, and container cargo.