#ADNOC Distribution
The chatbot ensures that users receive reliable and accurate information, available 24/7 to accommodate a global investor base
Maaz Qureshi, vice president of Digital Business at ADNOC Distribution, says the company is investing in AI-powered solutions to drive operational excellence
The robust performance reinforces the companies’ foundation for sustained growth as they continue to execute individual strategies
ADNOC Distribution CEO Bader Al Lamki reveals the strategic pillars and innovative measures driving the company’s robust growth
The exchangeable bonds were issued in May 2021 along with the offering of approximately 375 million shares in ADNOC Distribution
The company’s fleet plays a crucial role in supplying fuels and liquefied petroleum gas to corporate customers
The second and final dividend for 2023 is expected to be paid in April 2024
The pilot programme will study how hydrogen with high-speed refuelling can best be used in mobility projects
The Abu Dhabi-listed firm said its revenues jumped 6 per cent in Q1 2023 to Dhs13.14bn, bolstered by higher bulk supply tariffs and transmission charges
The energy provider said its net profit soared 19.4 per cent quarter-on-quarter and free cash flow stood at Dhs1.04bn
The company’s full-year net profit surged by 22 per cent year-on-year to Dhs2.74bn while its revenues rose by 54 per cent to Dhs32bn
The deal includes a downstream portfolio of 240 fuel retail stations, more than a 100 convenience stores, and over 250 lube changing stations
The ADX-listed company reported a 15 per cent year-on-year growth in EBITDA, totalling Dhs3.52bn in 2022
The E2GO joint venture will play a critical role in delivering EV charging infrastructure across Abu Dhabi
The company’s non-fuel transactions increased by 18 per cent during the period
ADNOC Distribution accelerated its growth strategy throughout H1 2022, with the opening of 12 new stations in the UAE
The acquisition is expected to be completed in Q1 2023 pending satisfaction of certain conditions, including customary regulatory approvals
ADNOC Distribution posted a 7.8 per cent year-on-year increase in EBITDA, totalling Dhs881m
This brings the total dividend for 2021 to Dhs2.57bn
The new lubricants will be available from March 2022
For the next five years, ADNOC Distribution will be the only supplier of fuel and lubricants for Cars Taxi’s 3,000-plus strong fleet in the country
The first new generation store has been opened at ADNOC’s Sheikh Khalifa Energy Complex
It recorded a net profit of Dhs529m for the third quarter of 2021
This is the first payment in what is expected to be a full-year 2021 dividend payment of Dhs2.57bn
The inclusion is expected to attract more foreign investors into ADNOC Distribution shares
The transaction is the first combined equity and exchangeable bond offering in the GCC
Bader Saeed Al Lamki will commence his role on May 27, 2021
The fuel retailer will now be among nine UAE-listed companies to be part of the index
It confirmed a minimum Dhs2.57bn dividend for 2022
During the year 2020, ADNOC Distribution opened 64 new stations