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ADNOC Distribution Reopens Al Maha & Al Manaseer Service Stations in Abu Dhabi

Prior to opening the stations, the company’s experts reviewed the results of implemented maintenance operations and the efficiency of the new smart systems to test their readiness and effectiveness in offering best services to customers.

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ADNOC Distribution recognized as UAE’s leading fuel retail brand

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ADNOC Distribution Reopens Al Jazeera Service Station in Abu Dhabi Following Upgrade Works

The service station underwent an eight-week long maintenance, following which experts from the company inspected the station and confirmed its readiness to commence normal operations.

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ADNOC Distribution Scoops Prestigious IT Award

ADNOC Distribution has bagged the prestigious ‘Best Energy & Industry Implementation of the Year’ award at the 11th Arabian Computer News/Arab Technology Awards.

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ADNOC Distribution Opens Three New Service Stations in Sharjah

The new additions include Al Manakh service station next to the old Sharjah Municipality building in Al Manakh area, Minerva service station near Kuwait hospital in Qadisiya, and Al Manara service station next to Sharjah Sports Club in Industrial Area 5.

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ADNOC DISTRIBUTION BOARD APPROVES $350 MILLION (AED1.285 BILLION) INTERIM CASH DIVIDEND FOR H1 2024

• Interim dividend, equivalent to 10.285 fils per share, to be distributed in October 2024, with September 26, 2024, set as last day for purchasing shares to qualify for payment
• Company’s new five-year dividend policy sets annual dividend of $700 million or minimum of 75% of net profit, whichever is higher, offering improved payback visibility and potential upside from future earnings growth
• Since its IPO in 2017, ADNOC Distribution has consistently delivered attractive shareholder returns, distributing $4.4 billion in dividends including the H1 2024 payout

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ADNOC Distribution to hold Investor Day to present new growth strategy

• ADNOC Distribution successfully delivered on a set of critical commitments to the capital markets in 2023, including annual EBITDA over $1 billion
• Company to share strategic growth initiatives to establish itself as a multi-energy, convenience and mobility leader
• ADNOC Distribution’s Board proposes a new dividend policy for 2024-28 setting annual dividend of $700 million or a minimum 75% of net profit, whichever is higher
• Company to host Investor Day in Abu Dhabi on Monday 26th February

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ADNOC Distribution Partners with NWTN to Launch 20 Service Centers for Rabdan Electric Vehicles

• ADNOC Distribution’s network to offer specialized services for NWTN’s UAE-made range-extended electric vehicle (REEV) Rabdan One
• Launch supports Abu Dhabi’s Low-Emission Vehicle Strategy and aligns with the UAE’s goal to increase the number of electric vehicles

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ADNOC Distribution reports robust Q1 2024 growth with 18% increase in EBITDA

• EBITDA increases by 18% year-on-year to $248 million and net profit rises to $150 million.
• Year-on-year fuel volumes increase by 17% and non-fuel retail transactions rise by 7%, demonstrating continued momentum across both fuel and non-fuel businesses.
• ADNOC Distribution leverages AI-driven digital innovation to drive value and enhance efficiency, employing predictive fuel demand models, Fill & Go for personalized fueling, and expanding its network of EV charging points.

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ADNOC DISTRIBUTION TO INSTALL SOLAR PANELS ON SERVICE STATIONS

Solar energy to accelerate the company’s plan to decarbonize operations and reduce carbon intensity by 25% by 2030

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