The Company demonstrated robust financial and operational performance throughout 2022. We have sustained our growth trajectory while generating strong cash flow and maintaining a solid financial position.

ADNOC Distribution’s priority remains to accelerate sustainable growth and build incremental shareholder value through efficient capital allocation.

Year 2022 was marked by several milestones in ADNOC Distribution’s history, including our largest-ever international acquisition in Egypt(1). We also opened a flagship service station in Dubai – our first on Sheikh Zayed Road. Furthermore, we showcased our ability to provide a cutting-edge digitally enabled customer experience, while also achieving long-term sustainable growth to generate attractive shareholder returns.” 

Eng. Bader Saeed Al Lamki

Chief Executive Officer, ADNOC Distribution

9 February 2023

(1) Acquisition of 50% in TEME subject to satisfaction of certain conditions including obtaining regulatory approvals, aim to complete transaction in Q1 2023