ADNOC Distribution: Gearing Up for a Multi-Energy Future 

ADNOC Distribution, the UAE’s leading fuel and convenience retailer, unveiled its ambitious future plans at its Investor Day today. Building on strong financial performance, including achieving a $1 billion EBITDA in 2023, the company outlined its strategy to maintain growth and become a multi-energy leader by 2028. 

This multi-pronged approach focuses on expanding beyond traditional fuel offerings. The company plans to invest in low-carbon solutions like biofuels and hydrogen, supporting the transportation industry’s decarbonization efforts. Additionally, the company aims to strengthen their non-fuel retail offerings, solidifying their position as a one-stop shop for customer needs. 

With Marwan Naim Nijmeh, Chief Legal Officer at ADNOC Group (pictured), heading the legal department, ADNOC Distribution will prioritize growth in its core UAE market while exploring international expansion in Saudi Arabia and Egypt. This dual approach aims to unlock new revenue streams and solidify their regional footprint. 

Eng. Bader Saeed Al Lamki, CEO of ADNOC Distribution, said: “ADNOC Distribution has demonstrated a robust track record of value creation through its smart growth strategy, pursuing new opportunities in domestic as well as international markets. Since its market debut in late 2017, the Company has delivered robust financial performance and doubled shareholder value. 2023 was a transformative year for ADNOC Distribution, with the Company generating EBITDA of over $1 billion, an increase of 33% compared to 2018. The company is well positioned to take advantage of evolving energy markets and enter a new phase of growth. We remain committed to a disciplined capital allocation and delivering attractive and visible shareholder returns.” 

The company remains committed to staying ahead in customer service. ADNOC Distribution plans to leverage digital technologies and personalization strategies to create seamless customer journeys, fostering deeper brand engagement and increased foot traffic. 

Recognizing the growing importance of sustainability, the company integrates environmental responsibility into its core operations. The plan is to reduce their carbon footprint and become a leader in the energy transition by installing over 500 EV charging points across the UAE by 2028, paving the way for a greener future and generating new revenue streams. 

Further demonstrating their commitment to shareholder value, ADNOC Distribution proposed a new dividend policy guaranteeing an annual payout of $700 million or 75% of net profit, whichever is higher, subject to shareholder approval. This commitment, combined with the company’s strong financial position and focus on sustainable growth, positions them as a compelling investment opportunity.