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Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

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ADIB H1 pre-tax profit $1.08bn

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Aramco, TotalEnergies launch stations

Aramco and TotalEnergies stations will be equipped with solar panels in line with Saudi Green Initiative.
  • The joint venture is aimed at upgrading a network of 270 service stations and expanding the range of retail services.
  • The TotalEnergies stations will house Bonjour Café, while the Aramco stations will feature Fai Café.

Aramco and TotalEnergies have launched the first two service stations of their joint retail network in Saudi Arabia’s capital Riyadh and the kingdom’s eastern Saihat province.
The stations follow the signing of a 50:50 joint venture between the two oil giants in 2019, with plans to upgrade a network of 270 service stations and expand the range of quality retail services in Saudi Arabia.
This network will consist of branded stations of Aramco or TotalEnergies that provide motorists with premium fuels and retail services.
The companies said in a statement that customers can expect quality fuels, one-stop convenience stores, efficient automotive services such as oil change and car wash, loyalty programs and a fully digitalized customer journey.
The TotalEnergies stations will house Bonjour Café, while the Aramco stations will feature Fai Café, where customers can enjoy freshly baked pastries, premium coffee and relax while waiting for their vehicles, the statement said.
The stations are also equipped with solar panels, in line with the Saudi Green Initiative’s goals.