ADNOC Distribution produces and blends top-grade lubricants at our state-of-the-art facilities in Abu Dhabi to the highest international standards from world-renowned murban crude oil. We offer a wide range of premium products across automotive, industrial, marine and speciality.
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Company’s Stand at Delma Mall Raises Awareness on Global UN Theme ‘Water and Sustainable Development’
Read moreUnderlying EBITDA of AED 740 million in Q1 2021 Net profit of AED 631 million in the first quarter
Read moreRunning from 03 December 2016 to 14 February 2017, the campaign marks the opening of the UAE’s 200th ADNOC Oasis convenience store.
Read more120 Lucky Customers Win Valuable Prizes in First Phase
Read moreThe agreement covers the acquisition of 100% of the share capital of Shell Downstream South Africa (SDSA) with an implied enterprise value of $1 billion prior to adjustment for net debt and working capital, including its 580 company and dealer-owned fuel stations, as well as its wholesale fuel, aviation and lubricants operations.
The Proposed Acquisition marks a major step towards ADNOC Distribution’s ambition to become a global mobility and convenience retailer, while advancing its fuel retail footprint in Africa.
The Proposed Acquisition is projected to boost ADNOC Distribution’s earnings per share by 6% in the first full year after completion and generate an IRR in excess of the Company’s hurdle rate, delivering immediate shareholder value.
Building on its track record of international expansions, ADNOC Distribution aims to contribute positively to South Africa’s economy.
Following completion of the Proposed Acquisition, a 28% stake in SDSA is expected to be sold on to a local empowerment partner and employee stock option plan.