• Shareholders approve H2 2023 dividend of AED1.285 billion (10.285 fils per share), bringing 2023 total dividend to AED2.57 billion (20.57 fils per share)
• ADNOC Distribution has provided shareholders with a 90% return on their investment since its initial public offering in 2017
• New five-year dividend policy sets annual dividend of $700 million or a minimum of 75% of net profit, whichever is higher
• Company targets value-accretive domestic and international growth, exploring expansion in new markets
• Company reaffirms commitment to AI & innovation-enabled growth, customer-centricity, and sustainability while evolving into an international multi-energy, convenience and mobility leader
• AI and advanced technology enabled a four-year-high customer convenience store conversion rate of 24.7% and a 10% reduction in carbon emissions of fuel delivery truck operations
Net profit excluding inventory movements increased by 5.5% Y-o-Y and 19.4% Q-o-Q to AED 551 million in Q1 2023 driven by higher fuel volumes and company-wide efficiency initiatives
Read moreMilestone aligns with the UAE’s Net Zero by 2050 strategic initiative by contributing to reducing emissions from the transportation sector
Read moreADNOC DISTRIBUTION BOARD APPROVES $350 MILLION (AED1.285 BILLION) INTERIM CASH DIVIDEND FOR FIRST SIX MONTHS OF 2023, EQUIVALENT TO 10.285 FILS PER SHARE
Read moreCompany’s Q3 2023 EBITDA rises to $303 million (AED1.1 billion) and net profit increases 9% Y-o-Y to $227 million (AED835 million)
Read moreImportant milestone in ADNOC Distribution’s international expansion journey, marking company’s official entry into Egypt
Read moreADNOC Distribution becomes first UAE fuel retailer to tap into sustainability linked financing with USD 1.5bn loan
Read more• Milestone underscores progress of ADNOC Distribution’s regional expansion strategy as TEME operations support economic growth in Egypt
• ADNOC Distribution to open first flagship service station in Egypt this year, offering enhanced retail and automotive services.
• Blended locally by TEME in Egypt, ADNOC Voyager lubricants will soon be available through independent distributors for the first time, expanding their reach beyond ADNOC Distribution stations.
Introduces ‘Oasis by ADNOC’ with a premium ‘On-the-Gourmet’ concept, featuring elevated food and beverage offerings.
ADNOC Oasis, an iconic Emirati brand with 379 locations across the UAE, remains one of the nation’s most beloved coffee destinations.
The refreshed brand supports ADNOC’s growing non-fuel retail business, which reported a 15% year-on-year gross profit increase in H1 2025, including a 21% rise in convenience store gross profit.
● Partnership to offer UAE customers faster, more efficient ways to order online, creating new shopping experiences that prioritize seamlessness and convenience
● Will create new revenue streams by expanding the reach of both ADNOC Oasis and noon Minutes, bringing 15-minute delivery pledge to more customers than ever before
● New noon Minutes fulfilment hubs to be placed within ADNOC Distribution service stations – the UAE’s largest network of retail locations
● ADNOC Oasis products ordered through the ADNOC Distribution App will be delivered by noon riders, bringing the UAE’s most popular convenience store brand to customers with the most advanced quick-commerce logistics in the Middle East