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 grows by 4.7% to USD 171 million with Net Profit of USD 109 million in Q1 2020
Read more64 new stations opened across the UAE in 2020, with 20 in Dubai, ahead of market guidance
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.