Petromin is a leading Saudi multinational company established in 1968 through a Royal Decree as a joint venture between Saudi Aramco and ExxonMobil. Petromin Corporation has established a strong presence in Saudi Arabia, India, Egypt, Pakistan, Malaysia, Morocco and the UAE. Its products are also exported to more than 40 markets across the MENA region.
Petromin used to be a fully lubricant company, and it transformed into an automotive company, and built a strong market. Today, Petromin is recognised as a leader in the automotive services industry, with a portfolio spanning lubricants manufacturing, fuel retail, quick and express maintenance, multi-brand aftersales services, auto parts solutions, fleet management, vehicle distribution, and electric mobility.
Operating in a network across 1100+ locations covering showrooms, fuel stations, automotive service centres, charging network and logistics locations supported by a workforce of 5000+ professionals, Petromin reaches millions of customers each year across eight business segments. The company aspires to become a globally recognised mobility solutions powerhouse, known for exceptional service quality, seamless experiences, and outstanding value. Petromin’s mission focuses on putting customers first by harnessing innovation, operational excellence, and environmentally responsible practices.
The company’s eight business segments are strategically structured to support car owners throughout the entire vehicle lifecycle, from purchase and ongoing maintenance to resale when required and electrification at the end. They are as follows:
- National Motor Company – Uniting World Class Brands under one umbrella. Some well-known brands are Nissan, Stellantis portfolio, Foton commercial range, Volvo EVs. NMC delivers a superior ownership experience through its wide network of showrooms, service centres, and parts outlets, backed by dependable after-sales support.
- National Transportation Solutions Company– Fleet and leasing solutions management provider, multimodal mobility, electric buses, decarbonisation roadmap.
- National Fuel Company – The service centres are located across Saudi Arabia and Egypt, and they offer a one-stop mobility solutions providing Fuel retail, energy stations, and EV charging solutions.
- Petrolube – Manufacturing and distribution of automotive and industrial lubricants.
- National Car Maintenance Company – Its vehicle care maintenance providing constitutes of multi-brand aftersales network, quick service centres and workshops.
- National Auto Parts (NAP) – one of the largest distributors of automotive parts for brand vehicles, and considered a pioneer in the spare parts value chain.
- National Auto Trust Company – It’s a Used car platform. Its three platforms, GoGo Motor, GoGo ProShield and FinPal provide simple solutions for customers interested in vehicle ownership and auto warranties.
- Electromin – A subsidiary of Petromin, it operates one of the largest EV charging networks; It is also one of the largest distributors of Volvo Electric Vehicles in Saudi Arabia. It comprises the EV ecosystem, charging networks, BEVs, NEV distribution, and smart e-mobility services. Rapidly expanding its presence across the globe, it is no wonder that this year, International Business Magazine honoured Electromin with the title of ‘Fastest Growing Company of the Year Saudi Arabia 2025.’
The other seven business verticals have also performed well in every field, which made International Business Magazine honour Petromin with the coveted title of ‘Excellence in Automotive Service Innovation Middle East 2025.’
In the annual edition of the awards event of International Business Magazine, Petromin has been felicitated with two more awards, this time, for leadership.
Mr Shoaib Jawaid, Group Chief Strategy Officer, has been recognised in the global arena for his winning the ‘Strategy Officer of the Year, Saudi Arabia 2025.’ Mr. Kalyana Sivagnanam, Group CEO got the ‘Business Person of the Year Saudi Arabia 2025’ title. They have won international recognition for their exceptional leadership, visionary strategy, and commitment to excellence. It also reflects their efforts in driving sustainable practices and contributing meaningfully to the broader business community.
Importance of Award Titles
The four awards underscore Petromin Corporation’s strong leadership in the automotive sector, particularly within the UAE. The management’s capability to provide a complete range of products and services across the automotive sector, while delivering effective solutions, has yielded significant results.
Interview with the Petromin Management Team: Vision and Mission
To gain more information about Petromin’s vision and its commitment to providing high-quality services, we spoke with Mr Shoaib Jawaid, Group Chief Strategy Officer. Here is the updated version of our conversation:
Interviewer: Mr. Shoaib Jawaid, Congratulations to you and your company for winning four reputed award titles.
Thank you. We are very proud to be here at this prestigious venue.
Q1: Tell us about the ecosystem created by Petromin Corporation.
This ecosystem is designed for the new vehicles to the used cars. We are distributors of Stellantis, Foton and Volvo vehicles in Saudi Arabia. We have one of the largest numbers of fuel stations in Saudi Arabia. Then we have the spare parts and lubricants business. Especially when it comes to the lubricant business, we got a lion’s share. Then, we have multi-brand automotive services network. In all, we can help a person right from purchasing a vehicle to the after-sales stage, and if he/she want to sell it off, we can still assist in helping them.
Q2. How did Petromin Services and Business Verticals become popular?
Our subsidiaries have 800 touch points in Saudi Arabia. At the same time, we are also expanding internationally, especially across the UAE, India, Malaysia and Egypt. The major point, is that we service 40+ export markets in the MENA region.
Our technician workforce is one of the largest in the UAE, which is known for offering a one-stop solution when it comes to the automotive sector.
Our team also spoke with Mr. Kalyana Sivagnanam, Group CEO of Petromin Corporation. Here are the details of our conversation.
Interviewer: Congratulations, Mr. Kalyana Sivagnanam, Group CEO of Petromin Corporation, on winning a reputed award title, especially when it comes to leadership.
Thanks to the International Business Magazine team for recognising and awarding me with this amazing title.
Q1. Can you kindly brief us on Petromin’s achievements in the automotive sector?
Leveraging the expertise of our skilled technical team and advanced service centres, we provide comprehensive solutions for all automotive needs. With a widespread network of service centres across Saudi Arabia and the MENA region, we adhere to best practices to ensure every customer receives reliable, high-quality support for their vehicles.
Q2. Everyone is excited about Vision 2030 and how companies react to the vision. What are your points?
The automotive sector is a crucial segment of the UAE and MENA economy. The demand for traditional model vehicles and EVs is on the rise. With Petromin and Electromin playing a critical role in the vehicle services category, we have strictly followed emission reduction strategies that are an integral part of attaining sustainability goals as per Vision 2030. With suitable support from Governments and our dedicated technical team, we are confident that the dream will come true.
Towards the Future
The automobile sector is also growing exponentially in various dimensions. With AI becoming an integral part of many industries, companies such as Petromin have designed policies and procedures that safeguard Mother Earth’s interests.
Petromin Corporation has proved that with an experienced management team and a dedicated workforce, it is possible to achieve the impossible when it comes to sustainability. With Vision 2030 firmly in view, the company firmly believes its approach will bring a positive impact on the global climate.
Article By SathyaNarayana. B
