Company Insights Adnoc Distribution Oil & Gas Adnoc Distribution Overview A subsidiary of Abu Dhabi National Oil Company, Adnoc Distribution specialises in fuel distribution and retail, including gasoline, convenience stores and property leasing. As of 2024, it is the largest fuel and convenience retailer, with bases in Saudi Arabia and Egypt as well as the UAE. Adnoc Distribution also supplies aviation fuel to UAE airports as well as its commercial, residential, industrial and government sectors. In September 2020 Adnoc completed a $1 billion placement of Adnoc Distribution shares, the largest block placement of a publicly listed GCC company following its 2017 IPO. Adnoc still owns 80 percent of the company. Adnoc Distribution says it aims to cut carbon intensity by 25 percent by 2030 and has so far expanded its electric vehicle charging network to more than 100 points. Adnoc Distribution News Exclusive Energy Adnoc Distribution to spend billions on M&A deals $2bn to spend Interview with strategy officer Listed in 2017 Adnoc Distribution, the UAE’s largest fuel and convenience retailer, is looking to deploy $2 billion in potential mergers and acquisitions in the Middle East and beyond, a sen... Register now: It’s easy and free This content is available for registered members only. Register for your […] February 11, 2025 Energy Revenues of six Adnoc subsidiaries reach $24bn Six subsidiaries of Abu Dhabi National Oil Company (Adnoc) collectively generated AED89 billion ($24.23 billion) in revenues and achieved net profits of AED16 billion in the first half of 2024. The performance was driven by strong growth strategies, state-run WAM news agency reported. Adnoc Distribution, 77 percent-owned by the UAE oil giant, saw a 12.9 […] November 6, 2024 Retail Adnoc Distribution profit falls 20% on lower fuel prices Adnoc Distribution, an Abu Dhabi-listed fuel and convenience retailer, said net profit fell 20 percent year on year to AED667 million ($182 million) in the third quarter of 2024, impacted by lower selling prices due to a fall in crude oil prices. Revenue, however, increased by 2 percent year on year to AED9.1 billion, driven by […] October 31, 2024 Retail Adnoc Distribution to pay $350m in interim dividend Adnoc Distribution, an Abu Dhabi-listed fuel and convenience retailer, will pay an interim dividend of AED1.3 billion ($350 million) for the first half of 2024. The dividend is the first instalment of the expected full-year 2024 dividend of $700 million. The payout falls under the five-year dividend policy, which has set an annual dividend of […] September 23, 2024 Finance Masdar taps green debt market to finance expansion Masdar, the UAE’s state-backed clean energy company, has raised $1 billion through its second green bond issuance, made up of dual tranches of $500 million each. The bonds are part of a larger programme to raise up to $3 billion to fund its renewables projects. The bonds, of five and 10 years, met strong appetite […] July 18, 2024 Renewable Energy Adnoc Distribution targets 200 EV stations this year Adnoc Distribution, the UAE’s largest fuel and convenience retailer, is planning to more than double the number of fast electric vehicle (EV) charging stations as part of its five-year expansion strategy. The company has 90 fast EV charging points and aims to reach 150-200 by the end of the year, the UAE state-run Wam news […] May 29, 2024 Energy Adnoc Distribution to expand as earnings rise Adnoc Distribution plans to open 15 to 20 more fuelling stations in 2024 after opening eight in the UAE, Saudi Arabia and Egypt in the year so far. The expansion increased fuel and non-fuel sales, driving revenue up by over 9 percent year on year to AED8.7 billion ($2.4 billion) in the three months to […] May 9, 2024 Energy 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 […] February 26, 2024 Oil & Gas Adnoc Distribution profit falls 5% in 2023 Adnoc Distribution, the Abu Dhabi-listed fuel retailer, saw net profit fall 5.4 percent to AED2.6 billion ($707.87 million) in 2023, from AED2.75 billion in 2022, after lower inventory gains. Revenue rose 7.8 percent year on year to AED34.63 billion, thanks to a double-digit increase in fuel volumes and non-fuel business. The Abu Dhabi-listed fuel retailer […] February 7, 2024 Finance Market cap of top 16 UAE-listed companies hit $591bln The aggregate market capitalisation of the top 16 national companies listed on UAE exchanges reached AED2.71 trillion ($590.83) as of January 2024. This figure is anticipated to grow significantly to AED 6 trillion in the coming years, the UAE state-run Wam news agency reported, citing official market data. The top 16 listed companies accounted for […] January 7, 2024 Posts navigation 1 2 3 Next
Exclusive Energy Adnoc Distribution to spend billions on M&A deals $2bn to spend Interview with strategy officer Listed in 2017 Adnoc Distribution, the UAE’s largest fuel and convenience retailer, is looking to deploy $2 billion in potential mergers and acquisitions in the Middle East and beyond, a sen... Register now: It’s easy and free This content is available for registered members only. Register for your […] February 11, 2025
Energy Revenues of six Adnoc subsidiaries reach $24bn Six subsidiaries of Abu Dhabi National Oil Company (Adnoc) collectively generated AED89 billion ($24.23 billion) in revenues and achieved net profits of AED16 billion in the first half of 2024. The performance was driven by strong growth strategies, state-run WAM news agency reported. Adnoc Distribution, 77 percent-owned by the UAE oil giant, saw a 12.9 […] November 6, 2024
Retail Adnoc Distribution profit falls 20% on lower fuel prices Adnoc Distribution, an Abu Dhabi-listed fuel and convenience retailer, said net profit fell 20 percent year on year to AED667 million ($182 million) in the third quarter of 2024, impacted by lower selling prices due to a fall in crude oil prices. Revenue, however, increased by 2 percent year on year to AED9.1 billion, driven by […] October 31, 2024
Retail Adnoc Distribution to pay $350m in interim dividend Adnoc Distribution, an Abu Dhabi-listed fuel and convenience retailer, will pay an interim dividend of AED1.3 billion ($350 million) for the first half of 2024. The dividend is the first instalment of the expected full-year 2024 dividend of $700 million. The payout falls under the five-year dividend policy, which has set an annual dividend of […] September 23, 2024
Finance Masdar taps green debt market to finance expansion Masdar, the UAE’s state-backed clean energy company, has raised $1 billion through its second green bond issuance, made up of dual tranches of $500 million each. The bonds are part of a larger programme to raise up to $3 billion to fund its renewables projects. The bonds, of five and 10 years, met strong appetite […] July 18, 2024
Renewable Energy Adnoc Distribution targets 200 EV stations this year Adnoc Distribution, the UAE’s largest fuel and convenience retailer, is planning to more than double the number of fast electric vehicle (EV) charging stations as part of its five-year expansion strategy. The company has 90 fast EV charging points and aims to reach 150-200 by the end of the year, the UAE state-run Wam news […] May 29, 2024
Energy Adnoc Distribution to expand as earnings rise Adnoc Distribution plans to open 15 to 20 more fuelling stations in 2024 after opening eight in the UAE, Saudi Arabia and Egypt in the year so far. The expansion increased fuel and non-fuel sales, driving revenue up by over 9 percent year on year to AED8.7 billion ($2.4 billion) in the three months to […] May 9, 2024
Energy 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 […] February 26, 2024
Oil & Gas Adnoc Distribution profit falls 5% in 2023 Adnoc Distribution, the Abu Dhabi-listed fuel retailer, saw net profit fall 5.4 percent to AED2.6 billion ($707.87 million) in 2023, from AED2.75 billion in 2022, after lower inventory gains. Revenue rose 7.8 percent year on year to AED34.63 billion, thanks to a double-digit increase in fuel volumes and non-fuel business. The Abu Dhabi-listed fuel retailer […] February 7, 2024
Finance Market cap of top 16 UAE-listed companies hit $591bln The aggregate market capitalisation of the top 16 national companies listed on UAE exchanges reached AED2.71 trillion ($590.83) as of January 2024. This figure is anticipated to grow significantly to AED 6 trillion in the coming years, the UAE state-run Wam news agency reported, citing official market data. The top 16 listed companies accounted for […] January 7, 2024
