ADNOC

ADNOC Distribution is a unique regional investment story with high margins and growth potential.

Here are the six key factors that combine to create a compelling investment opportunity:

UAE national leader: #1 fuel distributor and consumer retailer in the UAE, a fast growing sophisticated market, benefitting from a strong relationship with ADNOC Group and the AA/Aa2 rated sovereign.

Exceptional UAE fuel retail platform: Highly cash generative core business with stable regulated unit fuel margins, strong top line volume growth potential and iconic branding at strategically located sites.

High potential fuel and non-fuel growth: Convenience-store enhancement, developing and growing customer ownership model via innovative fuel and non-fuel strategies and new revenue channels.

Wholesale fuel position diversifies revenues: Wholesale commercial fuel and aviation position with strong growth potential provides diversified revenue sources.

Significant future strategic potential: Platform to pursue organic and potential M&A opportunities in regional markets and beyond.

Experienced and strong management team: Experienced management team focused on transitioning ADNOC Distribution to an independent listed company with leading operational performance.