Naft

Naft (Arabic: شركة نفط) is a Saudi Arabian company that operates fuel stations and automotive-service complexes across the Kingdom. Founded in 1987, it distributes petroleum products and services and is part of an international group of companies owned by Mohammed Hussein Ali Al-Amoudi and managed by Midroc Holding. Its stations are located in major cities throughout Saudi Arabia. Today Naft owns and operates more than 199 fuel-station and automotive-service complexes in the Western, Central, Eastern and Southern regions of Saudi Arabia. In addition to retail fuel, the company provides services to meet the needs of a full range of customers, including those requiring large-volume supplies for their operations. The brand is therefore positioned as a national fuel-retail and automotive-service network rather than a single-site operator. Because it is privately held within the Midroc group, Naft does not trade on a public stock exchange and does not publish the same level of financial disclosure as listed peers. Its identity is tied to the Saudi fuel-retail market, where it competes with other station networks by combining fuel supply with car-care and convenience services at multi-service complexes.

Naft was founded in 1987 as a Saudi company active in fuel stations and automotive services. It became part of an international group of companies owned by Mohammed Hussein Ali Al-Amoudi and managed by Midroc Holding. Over the following decades the company expanded its network of fuel-station and automotive-service complexes across Saudi Arabia, reaching more than 199 complexes in the Western, Central, Eastern and Southern regions. The company distributes petroleum products and services within the Kingdom and serves both retail customers and larger-volume operational clients.

• 1987

  Naft is founded in Saudi Arabia.

• Naft becomes part of the Midroc Holding group owned by Mohammed Hussein Ali Al-Amoudi.

• Naft grows to own and operate more than 199 fuel-station and automotive-service complexes across Saudi Arabia.

National Saudi fuel-retail and automotive-service network operating multi-service station complexes.

• Fuel-station and automotive-service complexes

• Petroleum product distribution

• Automotive services

• 2022.01.27

  Reported2022.01.27

  SASCO announces acquisition of NAFT[3]SASCO 宣布收购 NAFTmobilityplaza.com

  Saudi Automotive Services Co. (SASCO) announced the acquisition of NAFT Services Limited Company, involving negotiations for 80% of NAFT’s share capital, valued at 1.1 billion Riyals.

Read more

1. 1Naft Company — Wikidatawikidata.org
2. 2شركة نفط (السعودية) — Wikipedia (Arabic)ar.wikipedia.org
3. 3SASCO 宣布收购 NAFTmobilityplaza.com