Adnoc Distribution
Posted inNews
ADNOC Distribution acquires a 50% stake in TotalEnergies Egypt for approx. $200mn
The acquisition by ADNOC Distributions will also see the refurbishment of several service stations to ADNOC branding, offering a robust foothold in a fast-growing fuel retail market in Egypt
Posted inProducts & Services
ADNOC Distribution posts Q1 net profit of $172 million
The company stated that it is in a strong position to continue its smart growth strategy
Posted inProducts & Services
ADNOC Distribution continues Dubai expansion with first ‘ADNOC on the go”
The new ADNOC On the go station will host a dedicated fueling station with a separate convenience store located onsite, as well as in car ordering and delivery
Posted inProducts & Services
ADNOC completes $1 billion institutional placement of ADNOC Distribution shares
ADNOC has successfully completed a placement to institutional investors of 1.25 billion shares in ADNOC Distribution
Posted inPeople
ADNOC Distribution appoints new CFO
Mohamed Al-Hashimi will move from COO of the company to take on the role of CFO
Posted inProducts & Services
ADNOC Distribution opens 16 new sites in 2020
Five new ‘ADNOC On the go’ stations open in Abu Dhabi in May, with 10 now open across Abu Dhabi and Al Ain in 2020 to date
Posted inProducts & Services
KIZAD breaks ground on largest rest, refuelling facility in region
Truck Plaza to include dedicated ADNOC Distribution service station, parking bays, mosque and restaurants
Posted inProducts & Services
ADNOC Distribution Q1 net profit drops 30%
ADNOC Distribution reported net profit of $109 million (AED 400 million) for Q1 2020, with free cash flow of $145 million (AED 533 million)