ADNOC

ADNOC Distribution has had a positive start to 2022. We must stay relevant and deliver on our customers’ desire for continued convenience, while ensuring we remain focused on the future, creating solutions that are evolving in response to, and ahead of, changing market dynamics.

Our network expansion has maintained strong momentum throughout the first quarter of the year. This can be seen particularly in Saudi Arabia where we have grown our service station network by 40%. We are well on track to deliver 60-80 stations across the UAE and international markets by the end of this year. We have already marked a number of milestones in the first quarter, with the opening of 18 new service stations across the UAE and KSA, as well as the launching of new products and enhancing of services. The progress is set to continue and accelerate throughout the year. 

ADNOC Distribution continues to generate strong operational cash flows and maintain a strong balance sheet alongside robust liquidity, which ensure that we can continue to pursue growth opportunities and sustain attractive shareholder returns.

 

Eng. Bader Saeed Al Lamki

Chief Executive Officer, ADNOC Distribution

10 May 2022