Adnoc Distribution reveals plans for Egypt and Saudi Arabia

Adnoc Distribution reveals plans for Egypt and Saudi Arabia

Adnoc Distribution, the UAE’s largest fuel and convenience retailer, plans to increase revenues from international operations in Saudi Arabia and Egypt. The company is listed on the Abu Dhabi Securities Exchange and made the announcement during a presentation to investors on Monday when its share price fell slightly. CEO Bader Saeed Al Lamki said it […]

Plans for ‘evolving energy markets’

Revenue up but profit down

New dividend structure proposed

Adnoc Distribution, the UAE’s largest fuel and convenience retailer, plans to increase revenues from international operations in Saudi Arabia and Egypt.

The company is listed on the Abu Dhabi Securities Exchange and made the announcement during a presentation to investors on Monday when its share price fell slightly.

CEO Bader Saeed Al Lamki said it was “well positioned to take advantage of evolving energy markets and enter a new phase of growth”.

Adnoc Distribution profit falls 5% in 2023

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Adnoc Distribution ready to explore Egypt after Total purchase

During 2023 the first nine Adnoc-branded service stations were launched across Greater Cairo. Adnoc Distribution operates more than 240 in the country under its acquisition of a 50 percent stake in TotalEnergies Marketing Egypt.

The company opened its first service station outside the UAE in