Half Year 2026 Al Maha Petroleum Products Marketing Co SAOG Earnings Call

Speaker #1: It totally— هذا المساء، الساعة 12 بالليل، أن نقدم لكم النتائج الغير مجففة للنفط الأول من العام 2026، اللي شركة المهل لتسويق المنتجات النفطية و— يعني هناك بعض التحاليل التي سنوردها لكم، والمرفقة good afternoon، thank you very much for joining with us for the report of first half 2026, the results of Al Maha Marketing Products Company.

Speaker #1: We will start with the presentation a couple of slides about what happened for the first half. So, can we put these slides online, please?

Speaker #1: Of course, with me here to my right, Mr. Haryana, he is the CFO of the company, and to my left Mr. Saleem Al Balushi, he is the manager for legal department.

Speaker #1: Right, what we actually— this company's achievement was really very excellent for the first half of the year, 2026, and we are really growing well from month to month.

Speaker #1: This growth is actually pushed by different activities introduced to the company, and also the market— I mean, demand— there is some sort of effect happening due to the geopolitics in the area in the region here, but mainly due to the activities inside the country.

Speaker #1: So one of the best we are doing here is Al Maha Service Stations expansions, which is 98 plus, or availabilities in covers of stations we have is very good major effect there for the income, and also the margin of this types of fuel.

Speaker #1: The second things as you know, we opened a new activity called Tajdid, Tajdid is mainly for renewal of vehicles, around the countries, we start with the first station here in Muscat, and it is followed inshallah by end of this year, about every 3 will be opened.

Speaker #1: Here in Muscat, and in Salalah. There is a plan of implementing this activity in different cities, like Sahar, Mezwa, a, and also other places like so of course.

Speaker #1: And Al Maha Petroleum also is not only we are— I mean, marketing our products of oil, we are also contributing in leadership and shaping the future in thinking.

Speaker #1: So Al Maha conducted a conference for 1 day here in Muscat, and this was about what you call thinking aloud of thinking loudly, it was invited experts from universities, especially Sultan Abu's universities and the market, to talk about leadership styles and about also their experience in management and leadership, and it was the first time we do it, it's a part of our what you call this improvement for ourselves and also giving this improvement for the others, attendance were from various sectors, in countries especially in logistic, in other businesses, and it was really very good experience and this is a promise to continue that every year to do similar in the same time, and because of the what you call this feedback, the positive feedback we received, was really very interesting and encouraging us to go ahead and repeat the experiments again and again.

Speaker #1: We opened a new activity called "Tajdid." Tajdid is mainly for the renewal of vehicles around the country. We started with the first station here in Muscat, and it will be followed, inshallah, by the opening of about three more stations here in Muscat and in Salalah by the end of this year.

Speaker #1: And because of the, what you call this, feedback—the positive feedback we received—it was really very interesting and encouraged us to go ahead and repeat the experiments again and again.

Speaker #1: Of course, we added a fuel station to our network, which is now about 256 stations. We added 3 new fuel stations in the country in the first half, and we are also looking to add more in the second half of this year.

Speaker #1: There is a plan of implementing this activity in different cities, like Sahar, Mezwa, and also other places like So, of course, and Rabi. Al Maha Petroleum also is not only— we are, I mean, marketing our products of oil.

Speaker #1: This is part of the added value for the complete business we are doing. These fuel stations are actually good for fuel—different types—and also non-fuel business.

Speaker #1: Of course, we add a few stations to our network, which is about 256 stations, we add 3 new fuel station in the country, in the first half, and we are looking also to add more in the second half of this year.

Speaker #1: We are also contributing in leadership and shaping the future in thinking, so Al Maha conducted a conference for one day here in Muscat, and this was about what you call thinking aloud, or thinking loudly.

Speaker #1: We are looking to see, we are also having four more, what you call, stations in KFA, Saudi Arabia. Looking forward for fourteen of them now under construction.

Speaker #1: It was invited experts from universities, especially Sultan Qaboos University, and the market to experience, and this is a promise to continue that every year, to do similar at the same time.

Speaker #1: This is part of the add value for complete business we are doing. These fuel station is actually put to the fuel different types and also non-fuel business, we are looking to see we—

Speaker #1: The total will be 17 fuel stations that Al Maha has in Saudi Arabia. Other activities which have been in the first half of this year were about hydrogen and future energy. Hydrogen, as everyone knows, it's one of the highest growth energies worldwide. There are about 5.3 million vehicles on the road now working on, I mean, using hydrogen as an energy.

Speaker #2: Sorry.

Speaker #1: We are also having 4 more what you call station in KFA, Saudi Arabia, looking forward for 14 of them now under construction, the total will be 17 fuel station that Al Maha having in Saudi Arabia.

Speaker #1: Other activities which have been in the first half of this year was about the hydrogen and the future, hydrogen everyone know it's one of the highest growth energy in worldwide, there is about 5.3 million vehicles on the road now working on the— I mean using hydrogen as an energy.

Speaker #1: And for that, and we are reading the future very carefully, we feel we have to start, I mean, thinking loudly about the hydrogen energy because it's very high efficient and also environmental friendly, it's zero emission.

Speaker #1: And this for this regard we have a project now going on under research R&D stages to introduce hydrogen on sites. And the news for maintaining heavy vehicles, especially the heavy fuel like diesel and others, usage engines through inject hydrogen reducing the consumption of this fuel of and also increase the environmental friendly because from the experiments we are we've done we found there's about 30% of fuel reductions and also same and more for the NOx and SOx which is emissions in the air, due to the conventional fuel usage.

Speaker #1: And this is really a future business, grow growth and the hydrogen usage for mobility is really jumping from step to step, it could be monthly from some areas.

Speaker #1: We are also not far from the EV and it is in our part of thinking, there is installations going on for this types of of business and also in energy mobilities.

Speaker #1: Electric vehicles in Oman also one of the stream from 500 jump to 7000 plus up to the end of last month. And it will continue like that maybe we will reach a very good percentage for the next 2 years inshallah.

Speaker #1: This is what we have, more in Tajdid actually, Tajdid as everyone know it is a renewal, we are doing a renewal for the vehicles which is on the roads, on behalf of the Oman Royal Police or Royal Oman Police, accompanied call technical services that's name brand is Tajdid, first center opened before 2 month now in what you call OAA, Oman Automobile Association, they are next to us in Ader and this is the first center this center will be as I mentioned a serial or centers will be available in each wilayat or in the country it was really very good experience from the I mean customers who visited there received a very good experiences number of times spent there is really couple of minutes to renew your vehicles and also relax in sit there convenient place and also the employees there in the center come and take your car also and make the test and investigation or issuing the multi-year the difference between what is Oman Royal Oman Police and us is only the time, timing is for us is from 7 o'clock to 11 o'clock before midnight and we also have I mean the fees which is the ROV taking we have the same add on it 3 riyal for the services which is yeah I mean quick and also efficient and the same time for the times which is you can go and take your vehicle anytime, day, night, up to 11 o'clock and easy for operate or easy for issuing and testing your vehicle.

Speaker #1: Of course we are working as my colleague has said in Friday and or Saturday also Friday half a day of course between 2 o'clock to 11 o'clock or 3 o'clock to 11 o'clock and in Saturday full time.

Speaker #1: This is what I have about the activities done in first half, now we need to talk maybe or we are going to talk about that.

Speaker #1: Income statement summary, this is actually the best person to talk about our CFO, so I will leave the mic for him.

Speaker #2: Thank you. Thank you everyone. Good afternoon everybody. We are happy to announce both quarter H1 financial details and Maha has recorded highest sales and net profit in the first half of this year.

Speaker #2: And just we will give a brief we will take you to the brief summary of the income statement. Now the total sales volume has reached the historical high of 1.88 billion in H1 2026.

Speaker #2: There's an increase of around 12%. That's almost 121 million 124 million liters. Mainly due to increasing retail sales in the barter stations on a front of increasing traffic.

Speaker #2: Now in terms of value or historical value has also gone up to 282.2 million of sales and there's an increase of 40 million that's about 16%.

Speaker #2: And mainly due to increasing sales volume due to increasing transaction prices and by about 4% from the period. So basically 12% increase in volume and 4% increase in international prices have given us the same value of around 282.2 million.

Speaker #2: All revenue segments have registered upward growth. Today's sales have gone up by 11%. Commercial sales have gone up by 34%. Aviation sales have gone up by 33%.

Speaker #2: And lubricant also has gone up by 26% about 23%. So corresponding to the sales increase by 16% cost of sales and gross profit also went up by corresponding 16% during this period.

Speaker #2: Other income also increased by 1.3 million. That's about 40% mainly due to increasing strategic non-fuel revenue activities and also increasing transport rebates, airport fuel palm fees and other revenues.

Speaker #2: Overall total income went up by 21% during the year during the period from 1.9 million to 27 from 70 16.9 million to 20.3 million during this period.

Speaker #2: Operative administration operating and administration expenses also have gone up by about 10% mainly due to increasing sales activity during this period. And as a result EBITDA representing operating profit went up by 35% from 6.8 million to 9.2 million 9.2 million in this period.

Speaker #2: While depreciation and amortization went down by 3% finance expenses also have gone up by 67% mainly due to increasing borrowings to support increase due of the bills and increasing interest yields.

Speaker #2: So overall the net profit after tax has increased by 51% from 3.4 million to 5.1 million during this period. And some of the key key ratios lasted well gross profit ratio remains today at the same level.

Speaker #2: Net profit ratio went up by 1.8% that increased of around 0.4%. Earnings per share went up by 51% due to increasing net profit. Market value per share also returns a growth of 36% from 0.903 903 by now per share in June 2025 to 1 riyal 229 per share in June 2026.

Speaker #2: And as as a result market capitalization at 30th June 2026 amounts around 84.8 million compared to 62.3 million at same period last year. That's an increase of 36%.

Speaker #2: Now this quickly got the balance sheet and the total assets have gone up by 11% and so that's the total equity and liability also have gone up by 11%.

Speaker #2: So there's not much to talk about balance sheet. We have given our full details and leverage. And

Speaker #1: It is clear actually yeah this this increase maybe along of you would thought about the geopolitics as I mentioned. It is not 100% effect directed by the what's going on in the region.

Speaker #1: This is because Al Maha entered in new contracts actually for the explorations of companies of oil exploration companies new supply for fuel they need also we win several contracts in in this field and also in the other government like ministry of defense and also international airways same time the normal growth going on in the country it's reflecting the high conception of the fuel.

Speaker #1: In the meantime we have also increment in non-fuel business and that's actually the the application of the strategy Al Maha going ahead with in their business plan or in this and have business plan and this is diversification of incomes.

Speaker #1: We are not depending only in the fuel products and what we are and receive from these fuel products like marketing the fuel and sell it.

Speaker #1: No. We are also believe that the shareholder actually require to secure his investment. We need to secure also the income to the company and also to secure resources of this income which is reflect in higher and better not bottom net.

Speaker #1: Of course the shareholder the employees the company itself the brand I mean there is a business plan set to diversify to make more and more diversification in the business stream which is of course the ecosystem is we are not going away from what we are our main scope which is petroleum product marketing company in the same time there is other requirement which is to come BBC ecosystem including the vehicle testing the hydrogen the new energy era which is coming up a lot also electric vehicles what is related can be used in the sites where our fuel station and I believe we success in that and the results is become better and better year to year and this is what is really the business plan talking about.

Speaker #1: Thank you very much. Now we will open the stage for any questions you have we are really most welcome to answer it as much as we can.

Speaker #1: I'm on connection. There is nothing. Hello.

[Company Representative] (Al Maha Petroleum Products Marketing): Business plan set to diversify, to make more and more diversification in the business, which is, of course, the ecosystem. We are not going away from our main scope, which is Al Maha Petroleum Products Marketing Company SAOG. At the same time, there is other requirement, which is to complete this ecosystem, including the vehicle testing, the hydrogen, the new energy era, which is coming up a lot. Also, electric vehicles. What is related can be used in the sites where there are fuel stations. I believe we succeeded in that, and the results are becoming better and better year to year. This is what is really the business plan talking about. Thank you very much. Now, we will open the stage for any questions you have. We are really most welcome to answer it as much as we can. How many connection there? There is. Hello?

[Company Representative] (Al Maha Petroleum Products Marketing): Business plan set to diversify, to make more and more diversification in the business, which is, of course, the ecosystem. We are not going away from our main scope, which is Petroleum Products Marketing Company. At the same time, there is other requirement, which is to complete this ecosystem, including the vehicle testing, the hydrogen, the new energy era, which is coming up a lot.

Speaker #1: Business plan is set to diversify, to make more and more diversification in the business stream, which is, of course, the ecosystem. We are not going away from what is our main scope, which is petroleum product marketing company. At the same time, there is other requirement, which is to come BBC ecosystem, including the vehicle testing, the hydrogen, the new energy era which is coming up, also a lot of electric vehicles. What is related can be used in the sites where our fuel stations are.

Speaker #3: Hello can you hear me?

[Company Representative] (Al Maha Petroleum Products Marketing): Also, electric vehicles. What is related can be used in the sites where there are fuel stations. I believe we succeeded in that, and the results are becoming better and better year to year. This is what is really the business plan talking about. Thank you very much. Now, we will open the stage for any questions you have. We are really most welcome to answer it as much as we can. How many connection there? There is. Hello?

Speaker #1: Yes please go ahead.

Speaker #3: Yes thank you thank you for the presentation. My name is Rav Amirali and I am investment analyst at Uhar Capital I have few question number one question is you have mentioned that you have 265 fuel stations can you give me breakup how many station are company owned company operated.

Speaker #1: And I believe we succeeded in that, and the results are becoming better and better year to year, and this is what the business plan is really talking about.

Speaker #1: Thank you very much. Now, we will open the stage for any questions you have. You are most welcome to ask, and we will answer as much as we can.

Speaker #1: Yeah thank you very much actually company operated stations now we reach about 82 stations this is completely owned and operated by the company.

Speaker #3: Okay okay thank you. My second question is about the price mechanism of oil products in Oman. Like currently what percentage or in absolute term is funded by the government in term of subsidy to the oil prices.

Speaker #1: I'm on connection. Hello?

Speaker #2: Yes.

Speaker #1: Yeah there is actually you know there is a margin which is a permitted tariff equal we cannot go beyond that tariff and there is a margin set for us to sell within it.

Rav Amirali: Hello, can you hear me?

Rav Amirali: Hello, can you hear me?

Speaker #1: You're connected.

Speaker #2: Okay.

Speaker #1: So the margin is 13.5 base of a liter. That is what is set by the government and this is divided this margin divided between two.

Speaker #3: Hello, can you hear me?

Speaker #1: Yes, please go ahead.

[Company Representative] (Al Maha Petroleum Products Marketing): Yes, please. Go ahead.

[Company Representative] (Al Maha Petroleum Products Marketing): Yes, please. Go ahead.

Speaker #3: Yes, thank you. Thank you for the presentation. My name is Rao Amerally, and I am an investment analyst at Uhar Capital. I have a few questions.

Rav Amirali: Yes. Thank you. Thank you for the presentation. My name is Rav Amirali, and I am Investment Analyst at Oman Capital. I have three, four questions. Number one question is, you have mentioned that you have 265 fuel stations. Can you give me breakup, how many stations are company-owned, company-operated?

Rav Amirali: Yes. Thank you. Thank you for the presentation. My name is Rav Amirali, and I am Investment Analyst at Oman Capital. I have three, four questions. Number one question is, you have mentioned that you have 265 fuel stations. Can you give me breakup, how many stations are company-owned, company-operated?

Speaker #1: The margin is seven basis for the landlord 6.5 basis for the marketing company. So that's why we are actually if we operate the system ourselves that margin go to us and as a company and we agree on a rent basis between us and the landlord.

Speaker #3: Number one question is, you have mentioned that you have 265 fuel stations. Can you give me a breakup of how many stations are company-owned, company-operated?

Speaker #3: So six. Six basis per liter is for dealer.

Speaker #1: Yeah, thank you very much. Actually, company-operated stations—we now reach about 82 stations. These are completely owned and operated by the company.

[Company Representative] (Al Maha Petroleum Products Marketing): Yeah. Thank you very much. Actually, company-operated stations now we reach about 82 stations. This is completely owned and operated by the company.

[Company Representative] (Al Maha Petroleum Products Marketing): Yeah. Thank you very much. Actually, company-operated stations now we reach about 82 stations. This is completely owned and operated by the company.

Speaker #1: 6.5 basis yeah.

Speaker #3: Okay and seven for OMC company.

Speaker #1: Yes.

Speaker #3: Okay. What is the annual demand of diesel and petrol for Oman if you can mention.

Speaker #3: Okay, okay, thank you. My second question is about the price mechanism of oil products in Oman. Currently, what percentage, or in absolute terms, is funded by the government in terms of subsidy to the oil prices?

Rav Amirali: Okay. Thank you. My second question is about the price mechanism of oil products in Oman. Currently, what percentage or in absolute term is funded by the government in term of subsidy to the oil prices?

Rav Amirali: Okay. Thank you. My second question is about the price mechanism of oil products in Oman. Currently, what percentage or in absolute term is funded by the government in term of subsidy to the oil prices?

Speaker #1: Yeah we can say you know there is about 60 60 65 to 60% demand is diesel and remaining is petrol.

[Company Representative] (Al Maha Petroleum Products Marketing): Yeah. There is a margin, which is a permitted tariff we call. We cannot go beyond that tariff. And there is a margin set for us to sell within. So the margin is 13.5 baisa per liter. That is what is set by the government. And this margin is divided between two. The margin is seven baisa for the landlord, 6.5 baisa for the marketing company. That's why we are actually, if we operate the system ourselves, that margin go to us as a company, and we agree on a rent basis between us and the landlord.

[Company Representative] (Al Maha Petroleum Products Marketing): Yeah. There is a margin, which is a permitted tariff we call. We cannot go beyond that tariff. And there is a margin set for us to sell within. So the margin is 13.5 baisa per liter. That is what is set by the government. And this margin is divided between two. The margin is seven baisa for the landlord, 6.5 baisa for the marketing company. That's why we are actually, if we operate the system ourselves, that margin go to us as a company, and we agree on a rent basis between us and the landlord.

Speaker #1: Yeah, there is actually, you know, there is a margin which is a permitted tariff equal. We cannot go beyond that tariff, and there is a margin set for us to sell within it.

Speaker #3: And is it in absolute term if you can mention. Like your sales volume is 1.18 billion liters in second half. If I want to calculate the shares of Al Maha and the total Omani market.

Speaker #1: So the margin is 13.5 per liter. That is what is set by the government, and this margin is divided between two.

Speaker #3: So if you can mention what is the total market size.

Speaker #1: The margin is 7 base of for the landlord, 6.5 base of for the marketing company, so that's why we are actually if we operate the system ourselves, that margin go to us and as a company and we agree on a rent basis between us and the landlord.

Speaker #1: Yeah we are about 75% of the Omani market.

Speaker #3: In both diesel and petrol.

Speaker #1: Yes yes in total 75%. That's what we have. In diesel in fact we are maybe more because we have what you call this long term or contracts for supplying fuel diesel fuel to some corporates.

Rav Amirali: So six baisa per liter is for dealer?

Rav Amirali: So six baisa per liter is for dealer?

Speaker #3: So 6.6 base per liter is for dealer.

Speaker #1: Yes.

Speaker #1: But in in total 35% that's what is Al Maha is doing in the market.

Speaker #1: 6.5 base of, yeah.

[Company Representative] (Al Maha Petroleum Products Marketing): 6.5 baisa, yeah.

[Company Representative] (Al Maha Petroleum Products Marketing): 6.5 baisa, yeah.

Speaker #3: Okay, and seven for OMC Company.

Rav Amirali: Okay. And 7 for OMC company.

Rav Amirali: Okay. And 7 for OMC company.

Speaker #1: Yes.

[Company Representative] (Al Maha Petroleum Products Marketing): Yes.

[Company Representative] (Al Maha Petroleum Products Marketing): Yes.

Speaker #3: So this 1.18 billion liters total including petrol and diesel.

Speaker #1: Yeah actually what we said always this is what you see 1 1 point some 1.8 billion 1.2 almost. Yeah this is actually the total sale we are going always by the total sale because the margin is the same for diesel for fuel for whatever.

Speaker #3: What is the annual demand for diesel and petrol in Oman, if you can mention?

Rav Amirali: What is the annual demand of diesel and petrol for Oman, if you can mention?

Rav Amirali: What is the annual demand of diesel and petrol for Oman, if you can mention?

Speaker #1: Yeah, we can say, you know, there is about 60, 60, 65 to 60 percent demand is diesel, and the remaining is petrol.

[Company Representative] (Al Maha Petroleum Products Marketing): Yeah, I can say. There is about 65% to 60% demand is diesel and the remaining is petrol.

[Company Representative] (Al Maha Petroleum Products Marketing): Yeah, I can say. There is about 65% to 60% demand is diesel and the remaining is petrol.

Speaker #1: It's all the same unless we sell internationally. We sell internationally we sell what you call this international price adding on it other other our margin and that's only for aviation fuel.

Rav Amirali: In absolute term, if you can mention. Your sales volume is 1.18 billion liters in H2. If I want to calculate the shares of Al Maha in the total Omani market. If you can mention what is the total market size?

Speaker #3: And in absolute terms, if you can mention—like the U.S. sales volume is 1.18 billion liters in the second half—if I want to calculate the shares of Al Maha and the total Omani market. So, if you can mention, what is the total market size?

Rav Amirali: In absolute term, if you can mention. Your sales volume is 1.18 billion liters in H2. If I want to calculate the shares of Al Maha in the total Omani market. If you can mention what is the total market size?

Speaker #3: And what is the mechanism to determine the price?

Speaker #1: What?

Speaker #3: Mechanism to determine the price in Oman. Like government has kept the prices on if we talk about the.

[Company Representative] (Al Maha Petroleum Products Marketing): We are about 35% of the Omani market.

[Company Representative] (Al Maha Petroleum Products Marketing): We are about 35% of the Omani market.

Speaker #1: Yeah, we are about 75 percent of the Omani market.

Speaker #1: There is there is sorry are you in the market here in Oman?

Speaker #3: In both diesel and petrol?

Rav Amirali: In both diesel and petrol?

Rav Amirali: In both diesel and petrol?

Speaker #3: Yes I am in Oman.

Speaker #1: Yes, yes, in total, 35 percent. That's what we have. In diesel, in fact, we are maybe more because we have what you call these long-term contracts for supplying diesel fuel to some corporates.

[Company Representative] (Al Maha Petroleum Products Marketing): Yes. In total, 35%, that is what we have. In diesel, in fact, we are really more because we have, what you call this, long-term contracts for supplying diesel fuel to some corporates. In total, 35%, that is what Al Maha is doing in the market.

[Company Representative] (Al Maha Petroleum Products Marketing): Yes. In total, 35%, that is what we have. In diesel, in fact, we are really more because we have, what you call this, long-term contracts for supplying diesel fuel to some corporates. In total, 35%, that is what Al Maha is doing in the market.

Speaker #1: Yeah okay so if you go anywhere the price is the same same price for everybody for every marketing for us for other competitors is exactly same.

Speaker #1: It is set by the government and no change. They set for us how much we will should sell per liter.

Speaker #1: But in total, 35 percent—that's what Al Maha is doing in the market.

Speaker #3: Yes I understand. Prices are fixed but like prices for R95 is 239 basis per liter but the due to increase in international oil prices so the effective price will be higher.

Speaker #3: So, this 1.18 billion liters is the total, including both petrol and diesel.

Rav Amirali: This 1.18 billion liters total, including petrol and diesel?

Rav Amirali: This 1.18 billion liters total, including petrol and diesel?

Speaker #1: Yeah, actually, what we said always—this is what you see: $1 point something, $1.8 billion?

[Company Representative] (Al Maha Petroleum Products Marketing): Yeah. Actually, what we said, always this is what you see, 1.8 billion?

[Company Representative] (Al Maha Petroleum Products Marketing): Yeah. Actually, what we said, always this is what you see, 1.8 billion?

Speaker #3: So the portion of government subsidy will increase?

[Company Representative] (Al Maha Petroleum Products Marketing): 1.2 almost.

[Company Representative] (Al Maha Petroleum Products Marketing): 1.2 almost.

Speaker #2: 1.2 almost.

Speaker #1: That's not our business Mr. This is government business. We are here set to sell to this price which is approved by the government. By the pricing committee.

[Company Representative] (Al Maha Petroleum Products Marketing): Yeah. This is actually the total sale. We are going always by the total sale because the margin is the same for diesel, for fuel, for whatever. It is all the same. Unless we sell internationally. We sell internationally, we sell, what you call this, international price, adding on it above our margin, and that is only for aviation fuel.

[Company Representative] (Al Maha Petroleum Products Marketing): Yeah. This is actually the total sale. We are going always by the total sale because the margin is the same for diesel, for fuel, for whatever. It is all the same. Unless we sell internationally. We sell internationally, we sell, what you call this, international price, adding on it above our margin, and that is only for aviation fuel.

Speaker #1: Yes, this is actually the total sale. We always go by the total sale because the margin is the same for diesel, for fuel, for whatever.

Speaker #1: It's all the same unless we sell internationally. If we sell internationally, we sell at what you call the international price, adding on our margin, and that's only for aviation fuel.

Speaker #3: Thank you. Thank you. One last question. One last question is official.

Speaker #1: Yeah.

Speaker #3: So what is your percentage of sales of lubricant and what is the margin of lubricant?

Speaker #3: And what is the mechanism to determine the price in Oman?

Rav Amirali: What is the mechanism to determine the price in Oman?

Rav Amirali: What is the mechanism to determine the price in Oman?

Speaker #1: Lubricants always the sale in the lubricants is depend on the international price because there is no any set pricing by the government for that for the lubricants.

Speaker #1: What?

[Company Representative] (Al Maha Petroleum Products Marketing): What?

[Company Representative] (Al Maha Petroleum Products Marketing): What?

Speaker #3: Mechanism to determine the price in Oman. Like, the government has kept the prices on, if we talk about the—

Rav Amirali: Mechanism to determine the price in Oman. Like, government has kept the prices on, if we talk about the

Rav Amirali: Mechanism to determine the price in Oman. Like, government has kept the prices on, if we talk about the

Speaker #1: There is, there is—sorry. Are you in the market here in Oman?

[Company Representative] (Al Maha Petroleum Products Marketing): There is no. Sorry, are you in the market here in Oman?

[Company Representative] (Al Maha Petroleum Products Marketing): There is no. Sorry, are you in the market here in Oman?

Speaker #3: Yes, I am in Oman.

Rav Amirali: Yes, I am in Oman.

Rav Amirali: Yes, I am in Oman.

Speaker #1: Al Maha have a good portions about 3% till now. Of the total sale in in the country. But this is jump actually. We started with almost 0.7% till now we are reaching 4% which is really very very good achievement.

Speaker #1: Yeah, okay, so if you go anywhere, the price is the same. Same price for everybody, for every marketing, for us, for other competitors. It's exactly the same.

[Company Representative] (Al Maha Petroleum Products Marketing): Yeah. Okay. If you go anywhere, the price is the same. Same price for everybody, for every marketing. For us, for other competitors, it is exactly the same. It is set by the government and not changed. They set for us how much we should sell their liter.

[Company Representative] (Al Maha Petroleum Products Marketing): Yeah. Okay. If you go anywhere, the price is the same. Same price for everybody, for every marketing. For us, for other competitors, it is exactly the same. It is set by the government and not changed. They set for us how much we should sell their liter.

Speaker #1: It is set by the government and does not change. They set for us how much we should sell per liter.

Speaker #3: Yes, I understand. Prices are fixed, but like, for example, the price for R95 is 239 base per liter, but due to the increase in international oil prices, the effective price will be higher.

Rav Amirali: Yes, I understand. Prices are fixed, but prices for M95 is 239 baisa per liter. But due to increase in international oil prices, the effective price will be higher, so the portion of government subsidy will increase.

Rav Amirali: Yes, I understand. Prices are fixed, but prices for M95 is 239 baisa per liter. But due to increase in international oil prices, the effective price will be higher, so the portion of government subsidy will increase.

Speaker #1: The margin is depends on the price how much you purchase the the product itself because lubricants calculation is totally different. Not the same like what is gasoline and other petroleum products here in the country which is at permitted tariff.

Speaker #3: So, the portion of government subsidy will increase.

[Company Representative] (Al Maha Petroleum Products Marketing): That is not our business, sir. This is government business. We are here set to sell to this price, which is approved by the government, by the pricing committee.

[Company Representative] (Al Maha Petroleum Products Marketing): That is not our business, sir. This is government business. We are here set to sell to this price, which is approved by the government, by the pricing committee.

Speaker #1: That's not our business, sir. This is government business. We are here to sell at this price, which is approved by the government—by the pricing committee.

Speaker #1: For lubricants it's free market. It's on the demand and production.

Speaker #3: And so what percent of your own sale. 3% is total market and.

Speaker #1: We are 4% till now. From the total sale. I mean in three in in four years it was 0.5 we jumped to 4% from 0.5% to 4%.

Rav Amirali: Thank you. Thank you. One last question. One last question, if you allow.

Rav Amirali: Thank you. Thank you. One last question. One last question, if you allow.

Speaker #1: So we know.

Speaker #3: Thank you. Well, last question—one last question, if I may. It’s official.

[Company Representative] (Al Maha Petroleum Products Marketing): Yes.

[Company Representative] (Al Maha Petroleum Products Marketing): Yes.

Speaker #1: Yeah.

Speaker #3: So, what is your percentage of sales of lubricants, and what is the margin of lubricants?

Rav Amirali: What is your percentage of sales of lubricant, and what is the margin of lubricant?

Rav Amirali: What is your percentage of sales of lubricant, and what is the margin of lubricant?

[Company Representative] (Al Maha Petroleum Products Marketing): Lubricants, always the sale in the lubricants is dependent on the international price because there is no set pricing by the government for the lubricants. Al Maha has a good portion, about 3% till now, of the total sale in the country. But this is a jump, actually. We started with almost 0.7%. Till now, we are reaching 4%, which is really very good achievement. The margin depends on the price, how much we purchase the product itself, because lubricant calculation is totally different. Not the same like what is gasoline and other petroleum products here in the country, which is at determined price. For lubricants, it is free market. It is on the demand and.

[Company Representative] (Al Maha Petroleum Products Marketing): Lubricants, always the sale in the lubricants is dependent on the international price because there is no set pricing by the government for the lubricants. Al Maha has a good portion, about 3% till now, of the total sale in the country. But this is a jump, actually. We started with almost 0.7%. Till now, we are reaching 4%, which is really very good achievement. The margin depends on the price, how much we purchase the product itself, because lubricant calculation is totally different. Not the same like what is gasoline and other petroleum products here in the country, which is at determined price. For lubricants, it is free market. It is on the demand and.

Speaker #1: Lubricants always the sale in the lubricants is depend on the international price because there is no any set pricing by the government for that for the lubricants.

Speaker #1: I think it is good achievement. In a very high competitive market.

Speaker #3: Thank you. Thank you for the answer. Thank you.

Speaker #1: Thank you sir. Yes. It's here I don't think here. It is here. While we wait for some questions coming up in we can I just want to check yes to audience.

Speaker #1: Al Maha has a good portion, about 3 percent till now, of the total sales in the country. But this is a jump, actually. We started with almost 0.7 percent, and till now we are reaching 4 percent, which is really a very, very good achievement.

Speaker #1: The margin depends on the price at which we purchase the product itself, because lubricants calculation is totally different. It's not the same as gasoline and other petroleum products here in the country, which is added permitted tariff.

Speaker #1: How is the growth of electric EV market? Is it rapid or expectation or is it slow. In Oman? In Oman. No it is not slow.

Speaker #1: For lubricants, it's a free market. It's based on demand and production.

Rav Amirali: What is percent of your own sale? 3% is total market, and?

Speaker #3: And so what percent of your own sale? Three percent is total market, and...

Rav Amirali: What is percent of your own sale? 3% is total market, and?

Speaker #1: It is going very fast. Yeah and we are talking about couple of hundreds before two years now we are speaking about thousands. Yeah it crossed 7000 acres in the country here.

Speaker #1: We are at 4 percent till now, from the total sale. I mean, in 3 to 4 years, it was 0.5—we jumped to 4 percent.

[Company Representative] (Al Maha Petroleum Products Marketing): We are 4% till now from the total sale. I mean, in four years, it was 0.5%, we jumped to 4%. From 0.5% to 4%. I think it is good achievement in a very high competitive market.

[Company Representative] (Al Maha Petroleum Products Marketing): We are 4% till now from the total sale. I mean, in four years, it was 0.5%, we jumped to 4%. From 0.5% to 4%. I think it is good achievement in a very high competitive market.

Speaker #1: And that's really jumping in growth. Yeah. If we if we go ahead if we kept like this growth we may be very soon yeah it will be noticeable here in the country.

Speaker #1: From 0.5 percent to 4 percent. I think it is a good achievement in a very highly competitive market.

Speaker #1: We have about 1 point something 1.1.8 million acres here in Oman. So the the the growth will will be very noticeable soon if the same what is going on now.

Speaker #3: Thank you. Thank you for the answer. Thank you.

Rav Amirali: Thank you. Thank you for the answer. Thank you.

Rav Amirali: Thank you. Thank you for the answer. Thank you.

[Company Representative] (Al Maha Petroleum Products Marketing): Thank you, sir. Yes. Is it clear or is it not?

[Company Representative] (Al Maha Petroleum Products Marketing): Thank you, sir. Yes. Is it clear or is it not?

Speaker #1: Thank you, sir. Yes, everything is clear here.

Speaker #1: But you know there is what I see the growth will continue to to jump but in the same times the other resources of energy which is the hydrogen could really be more and more growth once the hydrogen availability for move for for mobility is is there.

[Company Representative] (Al Maha Petroleum Products Marketing): It is clear. While we wait for some questions coming up in the weekend, I just want to check first to our audience. How is the growth of EV market? Is it rapid or is as per the expectation, or is it slow?

[Company Representative] (Al Maha Petroleum Products Marketing): It is clear. While we wait for some questions coming up in the weekend, I just want to check first to our audience. How is the growth of EV market? Is it rapid or is as per the expectation, or is it slow?

Speaker #2: Can you see us? While we wait for some questions, can you open the—wait, can I just check? Yes, to the audience.

Speaker #1: Because when you read internationally about what's going on in hydrogen mobility use is really jumping. We jump and millions every year million of now internationally about 6 million vehicles available in on the road working by hydrogen.

Speaker #2: How is the growth of the electric EV market? Is it rapid, or is it as per expectation, or is it slow? In Oman.

[Company Representative] (Al Maha Petroleum Products Marketing): In Oman?

[Company Representative] (Al Maha Petroleum Products Marketing): In Oman?

[Company Representative] (Al Maha Petroleum Products Marketing): In Oman.

[Company Representative] (Al Maha Petroleum Products Marketing): In Oman.

[Company Representative] (Al Maha Petroleum Products Marketing): No, it is not slow. It is going very fast. We are talking about couple of hundreds before 2 years. Now we are speaking about thousands. It crossed 7,000 vehicles in the country here, and that's really jumping in growth. If we go ahead, if we kept like this growth, we may be very soon noticeable here in the country. We have about 1 point something, 1.8 million vehicles here in Oman. So the growth will be very noticeable soon if the sale, what is going on now. But what I see, the growth will continue to jump. But in the same time, the other resources of energy, which is the hydrogen, could really be more and more growth once the hydrogen availability for movement, for mobility is there. Because when you read internationally about what's going on in hydrogen mobility use, it's really jumping.

[Company Representative] (Al Maha Petroleum Products Marketing): No, it is not slow. It is going very fast. We are talking about couple of hundreds before 2 years. Now we are speaking about thousands. It crossed 7,000 vehicles in the country here, and that's really jumping in growth. If we go ahead, if we kept like this growth, we may be very soon noticeable here in the country. We have about 1 point something, 1.8 million vehicles here in Oman. So the growth will be very noticeable soon if the sale, what is going on now. But what I see, the growth will continue to jump. But in the same time, the other resources of energy, which is the hydrogen, could really be more and more growth once the hydrogen availability for movement, for mobility is there. Because when you read internationally about what's going on in hydrogen mobility use, it's really jumping.

Speaker #1: No, it is not slow. It is going very fast. Yeah, and we were talking about a couple of hundreds two years ago. Now we are speaking about thousands.

Speaker #1: And once that start because hydrogen is 100% zero pollution. 100% natural what you call this resource is water. Extract from it hydrogen and oxygen.

Speaker #1: Yeah, and it crossed 7,000 acres in the country here, and that's really jumping in growth. Yeah. If we go ahead and if we keep up this growth, we may very soon be noticeable here in the country.

Speaker #1: Hydrogen usage for the mobility and the oxygen use for the medical side. So it is really the future energy is the hydrogen. It's a bridge.

Speaker #1: The electric vehicle is a bridge to reach to the very clean and environmental mobility. Internationally. But still there is I mean there is there is a good when you talk about before three years we have couple of hundreds of vehicles here in Oman working by electricity.

Speaker #1: We have about 1 point something, 1.8 million acres here in Oman. So the growth will be very noticeable soon if the same, what is going on now, continues.

Speaker #1: But you know there is what I see the growth will continue to to jump. But in the same times the other resources of energy which is the hydrogen could really be more and more growth once the hydrogen availability for move for for mobility is is there.

Speaker #1: Now we are thousands and thousands. That really tell you a very good indication how it is growing. Growing will be much but it will not eliminate the fuel fuel usage here in Oman or internationally.

Speaker #1: Because when you read internationally about what's going on in hydrogen mobility, usage is really jumping. We jump a million every year—a million acres.

Speaker #1: What about the safety aspect of hydrogen? Hydrogen is is a safe if if it is correctly used. There is you know there is a the requirement the issue of the hydrogen to change it from the gas there light gas to be liquid for mobility.

[Company Representative] (Al Maha Petroleum Products Marketing): We jump in millions every year. Million of vehicles. Now, internationally, about 6 million vehicles available on the road working by hydrogen. And once that starts, because hydrogen is 100% zero pollution, 100% natural, what you call these resources. It's water. Extract from it hydrogen and oxygen. Hydrogen usage for the mobility and the oxygen used for the medical side. So it is really the future energy is the hydrogen. The electric vehicle is a bridge to reach the very clean environmental mobility. But still there is a good, when we talk about before 3 years, we have a couple of hundreds of data center in Oman working by electricity. Now we are thousands and thousands. That tell you a very good indication how it is growing. Growing will be much, but it will not eliminate the future fuel usage here in Oman or international.

[Company Representative] (Al Maha Petroleum Products Marketing): We jump in millions every year. Million of vehicles. Now, internationally, about 6 million vehicles available on the road working by hydrogen. And once that starts, because hydrogen is 100% zero pollution, 100% natural, what you call these resources. It's water. Extract from it hydrogen and oxygen. Hydrogen usage for the mobility and the oxygen used for the medical side. So it is really the future energy is the hydrogen. The electric vehicle is a bridge to reach the very clean environmental mobility. But still there is a good, when we talk about before 3 years, we have a couple of hundreds of data center in Oman working by electricity. Now we are thousands and thousands. That tell you a very good indication how it is growing. Growing will be much, but it will not eliminate the future fuel usage here in Oman or international.

Speaker #1: Now, internationally, about 6 million vehicles are available on the road working by hydrogen. And once that starts—because hydrogen is 100 percent zero pollution.

Speaker #1: To transport it. To ship it from place to place. But what we have here and what we are working on it now here is producing hydrogen on sites.

Speaker #1: One hundred percent natural—what you call this resource is water. Extract from it hydrogen and oxygen. Hydrogen is used for mobility, and the oxygen is used for the medical side.

Speaker #1: Meaning we can the the the the system we have in Al Maha we collaboration with the Hydronova that the hydrogen we can produce it in our fuel station without storage on use.

Speaker #1: So it is really the future—energy is the hydrogen. It's a bridge. The electric vehicle is a bridge to reach the very clean and environmental mobility.

Speaker #1: Right. Which is on on like online. Yeah live. And that what we have and inshallah hope to see good because the system now under founder under building very soon you will see a hydrogen station or a hydrogen dispenser available in some of our fuel stations.

Speaker #1: Internationally. But it's still there is I mean there is there is a good when you talk about before 3 years we have couple of hundreds of vehicles here in Oman working by electricity.

Speaker #1: Now we are thousands and thousands. That really gives you a very good indication of how it is growing. Growth will be significant, but it will not eliminate fuel cell fuel usage here in Oman or internationally.

Speaker #1: Any other question? Okay. If there is no any question there is a video I think. We need to introduce to you our activities through a video will be presented to in live now.

[Company Representative] (Al Maha Petroleum Products Marketing): Moreover, from the safety aspect of hydrogen?

[Company Representative] (Al Maha Petroleum Products Marketing): Moreover, from the safety aspect of hydrogen?

Speaker #2: What about the safety aspect of hydrogen?

[Company Representative] (Al Maha Petroleum Products Marketing): Hydrogen is safe if it is correctly used. There is a requirement, the issue of the hydrogen to change it from the gas, very light gas, to be liquid for mobility, to transport it, to ship it from place to place. But what we have here and what we are working on it now here is producing hydrogen on site. Meaning the system we have in Al Maha with collaboration with the Hydronova LLC, that hydrogen we can produce it in our fuel station without storage, on use.

[Company Representative] (Al Maha Petroleum Products Marketing): Hydrogen is safe if it is correctly used. There is a requirement, the issue of the hydrogen to change it from the gas, very light gas, to be liquid for mobility, to transport it, to ship it from place to place. But what we have here and what we are working on it now here is producing hydrogen on site. Meaning the system we have in Al Maha with collaboration with the Hydronova LLC, that hydrogen we can produce it in our fuel station without storage, on use.

Speaker #1: Hydrogen is it's a safe if if it is correctly used. There is you know there is a the requirement the issue of the hydrogen to change it from the gas.

Speaker #1: They rely on gas to be liquid for mobility—to transport it, to ship it from place to place. But what we have here, and what we are working on now here, is producing hydrogen on site.

Speaker #1: Some of activity we use. So we are doing it now. Thank you for environmental. H We have more. That's what we have actually. We have ground actually to serve Oman to Al Maha.

Speaker #1: Meaning we can the the the the system we have in Al Maha we collaboration with the Hydronova that the hydrogen we can produce it in our fuel station without storage.

Speaker #1: On use, which is on, on like online. Yeah, live. And that's what we have and, inshallah, hope to see good because the system is now under foundation, under building. Very soon, you will see a hydrogen station or a hydrogen dispenser available in some of our fuel stations.

[Company Representative] (Al Maha Petroleum Products Marketing): Right.

[Company Representative] (Al Maha Petroleum Products Marketing): Right.

[Company Representative] (Al Maha Petroleum Products Marketing): Which is on like-

[Company Representative] (Al Maha Petroleum Products Marketing): Which is on like-

[Company Representative] (Al Maha Petroleum Products Marketing): On site.

[Company Representative] (Al Maha Petroleum Products Marketing): On site.

[Company Representative] (Al Maha Petroleum Products Marketing): Yeah, site.

[Company Representative] (Al Maha Petroleum Products Marketing): Yeah, site.

[Company Representative] (Al Maha Petroleum Products Marketing): Okay.

[Company Representative] (Al Maha Petroleum Products Marketing): Okay.

[Company Representative] (Al Maha Petroleum Products Marketing): That is what we have. Hope to see a good because the system now from there under building. Very soon you will see a hydrogen station or a hydrogen dispenser available in some of our fuel stations. Any other question? If there is not any question, there is a video, I think. We need to introduce to you our activities through a video will be presented in live now. It is some of activity videos. We are doing it now. That is what we have. We are proud to serve Oman through Al Maha, and the activities we are doing here to serve the customers, and let them feel the new experience that they are looking forward to see in the company and its affiliates activities. Tajdeed is a new project, and success is very, very good.

[Company Representative] (Al Maha Petroleum Products Marketing): That is what we have. Hope to see a good because the system now from there under building. Very soon you will see a hydrogen station or a hydrogen dispenser available in some of our fuel stations. Any other question? If there is not any question, there is a video, I think. We need to introduce to you our activities through a video will be presented in live now. It is some of activity videos. We are doing it now. That is what we have. We are proud to serve Oman through Al Maha, and the activities we are doing here to serve the customers, and let them feel the new experience that they are looking forward to see in the company and its affiliates activities. Tajdeed is a new project, and success is very, very good.

Speaker #1: Any other question? Okay. If there is no question, there is a video, I think. We need to introduce to you our activities through a video, which will be presented to you live now.

Speaker #1: Some of the activity we use, we are doing it now.

Speaker #2: Thank you for environmental.

Speaker #1: Shebab, I'm not going to have that night in Oman. Are you guiding? We have more. That's what we have, actually. We have ground, actually, to serve Oman to Al Maha.

Speaker #1: And the activities we are doing here to actually to serve the customers. And let him feed the new experience that we are looking forward to see in the company and its affiliate activities.

Speaker #1: Tajdid is the new project and the success is really available because there is a lot of very positive feedback from the customers about this this project launched only in eight weeks last eight weeks.

Speaker #1: And this is really very proud to see Oman is working in in this field and the the experiment will be repeated in different governments of course we are really have a plan to cover all the activity required for renewing the the the vehicles around the country.

Speaker #1: We have also mobile testing units which we can reach customer at the same time we have group of employees who are ready to don't to come to the center we will come and take your vehicle test it and make it sure this vehicle is really valid to your be running on the roads and return it back to you.

Speaker #1: And the activities we are doing here are actually to serve the customers and let them feel the new experience that they are already looking forward to seeing in the company, its affiliates, and its activities.

Speaker #1: All these activity all these services actually is a part of the ecosystem we are really implementing to serve the customers of the logistics in in in in Oman.

Speaker #1: Tajdid is the new project, and the success is really evident because there is a lot of very positive feedback from the customers about this project, which was launched only in the last 8 weeks.

Speaker #1: We actually go beyond Oman. We want to Saudi Arabia and also want to do the same way. We are also exporting our lubricant products to Africa to some countries in Africa and also looking forward to expand our business especially in the lubricants and centers in different countries of center of services of course.

[Company Representative] (Al Maha Petroleum Products Marketing): There is a lot of very positive feedback from the customers about this project, launched only in the past 8 weeks. This is very proud to see Oman is working in this field, and the experiment will be repeated in different governments. Of course, we already have a plan to cover all the activity required for renewing the vehicles around the country. We have also mobile testing units, which we can reach the customer. At the same time, we have a group of employees who, if you do not want to come to the center, we will come and take your vehicle, test it, and make it sure this vehicle is really valued to be running on the roads and then back to you. All these activities, all these services is a part of the ecosystem we are really implementing to serve the customers of the logistics in Oman.

[Company Representative] (Al Maha Petroleum Products Marketing): There is a lot of very positive feedback from the customers about this project, launched only in the past 8 weeks. This is very proud to see Oman is working in this field, and the experiment will be repeated in different governments. Of course, we already have a plan to cover all the activity required for renewing the vehicles around the country. We have also mobile testing units, which we can reach the customer. At the same time, we have a group of employees who, if you do not want to come to the center, we will come and take your vehicle, test it, and make it sure this vehicle is really valued to be running on the roads and then back to you. All these activities, all these services is a part of the ecosystem we are really implementing to serve the customers of the logistics in Oman.

Speaker #1: And this is really very proud to see Oman is working in this field, and the experiment will be repeated in different governorates. Of course, we really have a plan to cover all the activity required for renewing the vehicles around the country.

Speaker #1: In the same time Al Maha actually now looking to really maximize the benefits and also the services available on the sites where they are.

Speaker #1: We also have mobile testing units, which means we can reach the customer. At the same time, we have a group of employees who are ready—so you don't have to come to the center. We will come, take your vehicle, test it, make sure this vehicle is really valid to be running on the roads, and return it back to you.

Speaker #1: Long time ago it was a fuel station. And continue with the fuel station and that's it. Now we are talking about you know a complex a mega station like what's going on now in 18 November.

Speaker #1: We have the projects it's almost done there. The similar one repeated in Marbella. Similar one will be in Salalah in Harfa and also in Sohar.

Speaker #1: All these activity all these services actually is a part of the ecosystem we are really implementing to serve the customers of the logistics in in in in Oman.

Speaker #1: So we are using all the experience of years of this company to serve the customers with different services related to the mobility related to the requirement we receive from researches we done on the markets marketing team really doing an excellent in this company and they are supply the strategic planner and projects with really very interesting information about what is the customer needs and we are only going according to the customer needs we will continue serving our customers and also introducing new services related to the mobilities including of course other resources of fuel like hydrogen and electric vehicles and also experience of shopping on the location where we are and also experience of technical services.

Speaker #1: We actually go beyond Oman. We went to Saudi Arabia and also want to do the same way. We are also exporting our lubricant products to Africa—to some countries in Africa—and also looking forward to expand our business, especially in the lubricants and centers in different countries, the center of services, of course.

[Company Representative] (Al Maha Petroleum Products Marketing): We actually go beyond Oman. We went to Saudi Arabia and also want to do the same way. We are also exporting our lubricant products to some countries in Africa, and also looking forward to expand our business, especially in the lubricants and centers in different countries of central services, of course. At the same time, Al Maha now looking to really maximize the benefits and also the services available on the sites where they are. Long time ago, it was a fuel station, and continue with the fuel station, and that is it. Now we are talking about a complex, a mega station like what is going on now in 18th November Street. We have the project, it is almost done there. The similar one will be in Medina, similar one will be in Salalah in October, and also in Sohar.

[Company Representative] (Al Maha Petroleum Products Marketing): We actually go beyond Oman. We went to Saudi Arabia and also want to do the same way. We are also exporting our lubricant products to some countries in Africa, and also looking forward to expand our business, especially in the lubricants and centers in different countries of central services, of course. At the same time, Al Maha now looking to really maximize the benefits and also the services available on the sites where they are. Long time ago, it was a fuel station, and continue with the fuel station, and that is it. Now we are talking about a complex, a mega station like what is going on now in 18th November Street. We have the project, it is almost done there. The similar one will be in Medina, similar one will be in Salalah in October, and also in Sohar.

Speaker #1: At the same time, Al Maha is actually now looking to really maximize the benefits, and also the services available at the sites where they are.

Speaker #1: A long time ago, it was a fuel station. And continued as a fuel station, and that's it. Now we are talking about, you know, a complex—a mega station.

Speaker #1: There is on the pipeline now to do a technical services in in or to do technical services for mobility in the country here through Al Maha locations.

Speaker #1: Going on now in 18 November. We have the project; it's almost done there. A similar one was repeated in Marbella. A similar one will be in Salalah in Oman and also in Sohar.

Speaker #1: This is what we have and we will not stop for introducing or increasing and also do more and more efficient in activities that we believe the market needed here in the country and also where we want with our franchise especially in Saudi now in Africa and maybe other countries very soon.

Speaker #1: So we are using all the experience of years of this company to serve the customers with different services related to mobility—related to the requirements we receive from research we’ve done on the markets. The marketing team is really doing an excellent job in this company, and they are supplying the strategic planners and projects with really very interesting information about what the customer needs. We are only going according to the customer need. We’ll continue serving our customers and also introducing new services related to mobility, including, of course, other sources of fuel like hydrogen and electric vehicles, and also the experience of shopping at the location where we are, and also the experience of technical services.

[Company Representative] (Al Maha Petroleum Products Marketing): We are using all the experience of years of this company to serve the customers with different services related to the mobility, related to the requirement we received from researches we have done on the market. Marketing team really are doing an excellence in this company, and they are supply the strategic planner and projects with very interesting information about what is the customer need. We are only going according to the customer need. We will continue serving our customers and also introducing new services related to the mobility, including, of course, other resources of fuel like hydrogen and electric vehicles, and also experience of shopping on the location where we are, and also experience of technical services. There is on the pipeline now to do a technical services in order to use technical services for mobility in the country here through Al Maha locations.

[Company Representative] (Al Maha Petroleum Products Marketing): We are using all the experience of years of this company to serve the customers with different services related to the mobility, related to the requirement we received from researches we have done on the market. Marketing team really are doing an excellence in this company, and they are supply the strategic planner and projects with very interesting information about what is the customer need. We are only going according to the customer need. We will continue serving our customers and also introducing new services related to the mobility, including, of course, other resources of fuel like hydrogen and electric vehicles, and also experience of shopping on the location where we are, and also experience of technical services. There is on the pipeline now to do a technical services in order to use technical services for mobility in the country here through Al Maha locations.

Speaker #1: This is what we have and I'm looking forward for questions. Did you go ahead. There is there is actually you know we we we need we need to see or to to publish what other activities and also as you notice from the last videos or shots there I mean Al Maha also in environment like we want to go far to clean the lake there for Darbat and also other places of course it contribution to the visitors there through who are visiting our fuel stations and services.

Speaker #1: There is on the pipeline now to do a technical services in in or to do technical services for mobility in the country here through Al Maha locations.

Speaker #1: With some thanks for them this is really part of our day to day activities in social responsibilities. Now there is other videos going on to be introduced to you.

Speaker #1: This is what we have, and we will not stop in introducing or increasing. We will also do more and become more efficient in activities that we believe the market needs here in the country, and also where we want with our franchise—especially in Saudi, now in Africa, and maybe other countries very soon.

[Company Representative] (Al Maha Petroleum Products Marketing): This is what we have, and we will not stop for introducing or increasing and also do more and more efficient activities that we believe the market needed here in the country, and also where we went with our franchise, especially in Saudi now, in Africa, and maybe other countries very soon. This is what we have, and I'm looking forward for questions. We cannot hear. Go ahead. We need to see or to publish what other activities, and also, as you know, this is from the last videos or shots there. Al Maha also in environment, like we went to Ubar to clean the lake there for Ubar, and also other places, of course, its contribution to the visitors there who are visiting our fuel stations and services with some thanks for them. This is really part of our day-to-day activities in social responsibility.

[Company Representative] (Al Maha Petroleum Products Marketing): This is what we have, and we will not stop for introducing or increasing and also do more and more efficient activities that we believe the market needed here in the country, and also where we went with our franchise, especially in Saudi now, in Africa, and maybe other countries very soon. This is what we have, and I'm looking forward for questions. We cannot hear. Go ahead. We need to see or to publish what other activities, and also, as you know, this is from the last videos or shots there. Al Maha also in environment, like we went to Ubar to clean the lake there for Ubar, and also other places, of course, its contribution to the visitors there who are visiting our fuel stations and services with some thanks for them. This is really part of our day-to-day activities in social responsibility.

Speaker #1: Please enjoy that. It looks like everything.

Speaker #1: This is what we have, and I'm looking forward to your questions.

Speaker #3: From the heart of the Arabian wilderness emerges a.

Speaker #1: Please share. This is actually about the lubricants and how our lubricants is really high qualified one which is having all the tests internationally we have certificate certifications from BMW Mercedes man and other types of certification laboratories for the mobilities and we are really very proud this lubricants now reach internationally and many brands of Umbro is available and well known locally or nationally and internationally.

Speaker #2: In terms of.

Speaker #1: We... Go ahead. There is, there is actually... We, you know, we, we, we need, we need to see or to publish what other activities, and also, as you know, this is from the last videos or shots there—I mean Al Maha also, in environment, like we want to go far to clean the lake there for Darbat.

Speaker #1: And also other places, of course, in contribution to the visitors there who are visiting our fuel stations and services, with some thanks for them. This is really part of our day-to-day activities in social responsibilities. Now there are other videos going on to be introduced to you.

Speaker #1: So please enjoy the videos of what we have. Thank you very much.

Speaker #4: From the heart of the Arabian wilderness emerges a motor oil that mirrors the spirit of the Oryx. Introducing AmPro ro Lubricants. Where performance and protection converge for smooth driving.

[Company Representative] (Al Maha Petroleum Products Marketing): Now there is other videos going on to be introduced to you. Please enjoy that. Looks like everything-

[Company Representative] (Al Maha Petroleum Products Marketing): Now there is other videos going on to be introduced to you. Please enjoy that. Looks like everything-

Speaker #1: Please enjoy that. It looks like a...

Speaker #4: Our journey begins in the AmPro Innovation Lab where experts craft a motor oil that stands as a testament to advanced technology. For high performance cars to commercial vehicles AmPro ro Lubricants is the choice for those who demand excellence.

Speaker #3: From the heart of the Arabian wilderness, emerges...

Operator: From the heart of the Arabian wilderness, emerges a-

[Video Narrator]: From the heart of the Arabian wilderness, emerges a-

Speaker #4: With cutting edge technology adapting to your engines every need your journey will be defined by endurance. AmPro Lubricants performance endurance protection where the spirit of the Arabian Oryx meets the road.

Speaker #1: This is actually about the lubricants and how our lubricant is really high quality, having passed all the international tests. We have certifications from BMW, Mercedes, MAN, and other types of certification laboratories for mobility.

[Company Representative] (Al Maha Petroleum Products Marketing): This is actually about the lubricants and how our lubricants is very high qualified one, which is having all the tests international. We have certifications from BMW, Mercedes, MAN, and other types of certification laboratories for the mobilities. We are very, very proud these lubricants now reach internationally, and many brands of AMPRO is available and well-known locally or nationally and internationally. So please enjoy the video of what we have. Thank you very much.

[Company Representative] (Al Maha Petroleum Products Marketing): This is actually about the lubricants and how our lubricants is very high qualified one, which is having all the tests international. We have certifications from BMW, Mercedes, MAN, and other types of certification laboratories for the mobilities. We are very, very proud these lubricants now reach internationally, and many brands of AMPRO is available and well-known locally or nationally and internationally. So please enjoy the video of what we have. Thank you very much.

Speaker #1: We are really very proud that these lubricants now reach internationally, and many brands of Umbro are available and well known locally, nationally, and internationally.

Speaker #5: Welcome to the AmPro Lubricants blending facility where advanced technology and state of the art practices converge to create the finest motor oils. Meeting the needs of modern engines.

Speaker #1: So, please enjoy the video of what we have, and thank you very much.

Speaker #3: Oil that mirrors the spirit of the oryx. Introducing Ambro lubricants, where performance and protection converge for smooth driving. Our journey begins in the Ambro Innovation Lab, where experts craft motor oil that stands as a testament to advanced technology.

Operator: Motor oil that mirrors the spirit of the oryx. Introducing AMPRO lubricants, where performance and protection converge for smooth driving. Our journey begins in the AMPRO Innovation Lab, where experts craft a motor oil that stands as a testament to advanced technology. From high-performance cars to commercial vehicles, AMPRO lubricants is the choice for those who demand excellence. With cutting-edge technology adapting to your engine's every need, your journey will be defined by endurance. AMPRO lubricants. Performance, endurance, protection, where the spirit of the Arabian oryx meets the road.

[Video Narrator]: Motor oil that mirrors the spirit of the oryx. Introducing AMPRO lubricants, where performance and protection converge for smooth driving. Our journey begins in the AMPRO Innovation Lab, where experts craft a motor oil that stands as a testament to advanced technology. From high-performance cars to commercial vehicles, AMPRO lubricants is the choice for those who demand excellence. With cutting-edge technology adapting to your engine's every need, your journey will be defined by endurance. AMPRO lubricants. Performance, endurance, protection, where the spirit of the Arabian oryx meets the road.

Speaker #5: Our journey starts here in the raw materials receiving and storage section. From trusted global partners we receive the highest grade base oils and additives.

Speaker #5: Sourced and certified to meet international standards. Every product offloaded marks the beginning of a precise process that ensures excellence in every batch we blend.

Speaker #3: From high-performance cars to commercial vehicles, Ambro Lubricants is the choice for those who demand excellence. With cutting-edge technology adapting to your engine's every need, your journey will be defined by endurance.

Speaker #5: In our state of the art blending hall precision is key with a range of advanced automated systems our skilled technicians ensure that every AmPro product formulation is perfectly mixed to cater to the unique demands of automotive industrial and marine engines.

Speaker #5: Our journey continues in the lab where each blend undergoes rigorous testing. From viscosity to sheer resistance our specialists ensure each batch can withstand the toughest real world conditions ensuring peak performance.

Speaker #3: Ambro Lubricants: performance, endurance, protection—where the spirit of the Arabian Oryx meets the road.

Speaker #5: After passing our stringent tests each product moves to our high speed precision filling lines. Each container is filled sealed and labeled with accuracy and care.

Speaker #1: First, think about the two stages.

Speaker #5: Before leaving our plant every product undergoes a final inspection. From cap to label every detail reflects our promise of quality. It's why our customers trust us and why we never compromise on that trust.

Speaker #5: Once packaged our products are stored in a temperature controlled environment. Ensuring quality is preserved. Our logistics team works around the clock to ensure on time delivery to both local and regional markets.

Speaker #3: Welcome to the Ambro Lubricants blending facility, where advanced technology and state-of-the-art practices converge to create the finest motor oils, meeting the needs of modern engines.

[Company Representative] (Al Maha Petroleum Products Marketing): Welcome to the Amro Lubricants Blending Facility, where advanced technology and state-of-the-art practices converge to create the finest motor oils, meeting the needs of modern engines. Our journey starts here in the raw materials receiving and storage section. From trusted global partners, we receive the highest grade base oils and additives, sourced and certified to meet international standards. Every product offloaded marks the beginning of a precise process that ensures excellence in every batch we blend. In our state-of-the-art blending hall, precision is key. With a range of advanced automated systems, our skilled technicians ensure that every Amro product formulation is perfectly mixed to cater to the unique demands of automotive, industrial, and marine engines. Our journey continues in the lab, where each blend undergoes rigorous testing. From viscosity to sheer resistance, our specialists ensure each batch can withstand the toughest real-world conditions, ensuring peak performance.

[Video Narrator]: Welcome to the Amro Lubricants Blending Facility, where advanced technology and state-of-the-art practices converge to create the finest motor oils, meeting the needs of modern engines. Our journey starts here in the raw materials receiving and storage section. From trusted global partners, we receive the highest grade base oils and additives, sourced and certified to meet international standards. Every product offloaded marks the beginning of a precise process that ensures excellence in every batch we blend. In our state-of-the-art blending hall, precision is key. With a range of advanced automated systems, our skilled technicians ensure that every Amro product formulation is perfectly mixed to cater to the unique demands of automotive, industrial, and marine engines. Our journey continues in the lab, where each blend undergoes rigorous testing. From viscosity to sheer resistance, our specialists ensure each batch can withstand the toughest real-world conditions, ensuring peak performance.

Speaker #5: Our employees always follow our strict safety precautions to prioritize their commitment towards themselves and their families. At Al Maha Petroleum Products Marketing Company we are not just creating motor oils we're shaping the future of lubrication with innovation precision and safety

Speaker #3: Our journey starts here in the raw materials receiving and storage section. From trusted global partners, we receive the highest-grade base oils and additives, sourced and certified to meet international standards.

Speaker #1: Okay thank you very much for your attendance and we hope to see you next time inshallah. All the best and we are going to stop our live broadcast we have now and if there is any questions or any doubts or any clarification need we are open to answer it any times probably they call us visit us you are most welcome for clarifying any any doubts or any needs.

Speaker #3: Every product offloaded marks the beginning of a precise process that ensures excellence in every batch we blend. In our state-of-the-art blending hall, precision is key. With a range of advanced automated systems, our skilled technicians ensure that every Ambro product formulation is perfectly mixed to cater to the unique demands of automotive, industrial, and marine engines.

Speaker #3: Our journey continues in the lab, where each blend undergoes rigorous testing. From viscosity to shear resistance, our specialists ensure each batch can withstand the toughest real-world conditions, ensuring peak performance.

Speaker #3: After passing our stringent tests, each product moves to our high-speed precision filling lines. Each container is filled, sealed, and labeled with accuracy and care.

[Company Representative] (Al Maha Petroleum Products Marketing): After passing our stringent tests, each product moves to our high-speed precision filling lines. Each container is filled, sealed, and labeled with accuracy and care. Before leaving our plant, every product undergoes a final inspection. From cap to label, every detail reflects our promise of quality. It's why our customers trust us and why we never compromise on that trust. Once packaged, our products are stored in a temperature-controlled environment, ensuring quality is preserved. Our logistics team works around the clock to ensure on-time delivery to both local and regional markets. Our employees always follow our strict safety precautions to prioritize their commitment towards themselves and their families. At Al Maha Petroleum Products Marketing Company, we are not just creating motor oils, we're shaping the future of lubrication with innovation, precision, and safety.

[Video Narrator]: After passing our stringent tests, each product moves to our high-speed precision filling lines. Each container is filled, sealed, and labeled with accuracy and care. Before leaving our plant, every product undergoes a final inspection. From cap to label, every detail reflects our promise of quality. It's why our customers trust us and why we never compromise on that trust. Once packaged, our products are stored in a temperature-controlled environment, ensuring quality is preserved. Our logistics team works around the clock to ensure on-time delivery to both local and regional markets. Our employees always follow our strict safety precautions to prioritize their commitment towards themselves and their families. At Al Maha Petroleum Products Marketing Company, we are not just creating motor oils, we're shaping the future of lubrication with innovation, precision, and safety.

Speaker #3: Before leaving our plant, every product undergoes a final inspection. From cap to label, every detail reflects our promise of quality. It's why our customers trust us, and why we never compromise on that trust.

Speaker #3: Once packaged, our products are stored in a temperature-controlled environment, ensuring quality is preserved. Our logistics team works around the clock to ensure on-time delivery to both local and regional markets.

Speaker #3: Our employees always follow our strict safety precautions to prioritize their commitment towards themselves and their families. At Al Maha Petroleum Products Marketing Company we are not just creating motor oils we're shaping the future of lubrication with innovation precision and safety right okay thank you very much for your attendance and we hope to see you next time inshallah all the best and we are going to stop our live broadcast we have now and if there is any questions or any doubts or any clarification need we are open to answer it any times drop us email call us visit us you are most welcome for clarifying any any doubts or any needs thank you very much again and see you next time inshallah

[Company Representative] (Al Maha Petroleum Products Marketing): كيف حالك؟ حسنًا. انتهيت.

[Video Narrator]: كيف حالك؟ حسنًا. انتهيت.

Operator: .

[Company Representative] (Al Maha Petroleum Products Marketing): Thank you very much for your attendance. We hope to see you next time إن شاء الله. All the best. We are going to stop our live broadcast we have now. If there are any questions, or any doubts, or any clarification needed, we are open to answer at any time. Drop us an email, call us, visit us. You are most welcome for clarifying any doubts or any needs. Thank you very much again and see you next time إن شاء الله.

[Company Representative] (Al Maha Petroleum Products Marketing): Thank you very much for your attendance. We hope to see you next time إن شاء الله. All the best. We are going to stop our live broadcast we have now. If there are any questions, or any doubts, or any clarification needed, we are open to answer at any time. Drop us an email, call us, visit us. You are most welcome for clarifying any doubts or any needs. Thank you very much again and see you next time إن شاء الله.

Operator: Shukran.

[Video Narrator]: Shukran.

[Company Representative] (Al Maha Petroleum Products Marketing): Shukran.

[Company Representative] (Al Maha Petroleum Products Marketing): Shukran.

Speaker #2: The recording has stopped.

Operator: Thank you. The recording has stopped.

[Video Narrator]: Thank you. The recording has stopped.

[Company Representative] (Al Maha Petroleum Products Marketing): خلاص؟

[Company Representative] (Al Maha Petroleum Products Marketing): خلاص؟

Operator: .

[Video Narrator]: .

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Half Year 2026 Al Maha Petroleum Products Marketing Co SAOG Earnings Call

Demo
MHAS

Al Maha Petroleum Products Marketing

Earnings

Half Year 2026 Al Maha Petroleum Products Marketing Co SAOG Earnings Call

MHAS

Sunday, August 16th, 2026 at 8:00 AM

Transcript

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