ADNOC

ADNOC Distribution continues to demonstrate strong and profitable performance supported by improved margins and a continued cost focus. We remain confident on the delivery of our business plan for 2018 and beyond, and are well on our way to making ADNOC Distribution a world-class fuels and convenience business.


Our third quarter results confirm that we continue to deliver on our strategy, delivering and sustaining robust financial results through our focus on operational excellence, innovation, and cost efficiency. We have made significant progress across all three pillars of our strategy – fuel, non-fuel and cost-efficiency initiatives. I am pleased that our commitment to improve our customer experience by offering customers choice, convenience and better-quality products and services while also focusing on improving our financial performance has generated positive momentum and has led to the strong results we are announcing today.

While we are continuing to strengthen our competitive positioning, we remain committed to our shareholders by pursuing our ambition to transform the company into a more performance-driven, commercially minded business and through our disciplined, return-driven capital allocation strategy.

 

Saeed Mubarak Al Rashdi

Acting Chief Executive Officer
ADNOC Distribution
15 November 2018