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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• 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
Signing reaffirms ADNOC Distribution’s commitment to delivering on its smart growth strategy and expanding the company’s presence internationally
Read moreNet 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 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 moreBoard recommends dividend of AED 1.285 billion (10.285 fils per share) for H2 2022
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.