ADNOC Distribution (ADNOCDIST) – Introduction and background |
ADNOC Distribution is the largest fuel and convenience retailer in the United Arab Emirates (UAE), headquartered in Abu Dhabi.
Established in 1973 as a wholly-owned subsidiary of the Abu Dhabi National Oil Company (ADNOC), ADNOC Distribution specialises in downstream products such as petrol and heating oils. The company operates a vast network of service stations across the UAE and Saudi Arabia. Its business lines include retail fuel sales, commercial fuel sales, lubricants, and convenience stores. In recent years, ADNOC Distribution has been expanding its non-fuel retail offerings and digital services to diversify its revenue streams away from its traditional strengths in retail gas sales.
In 2017, 17% of the outstanding shares were publicly listed in the company’s IPO. ADNOC Distribution trades on the Abu Dhabi Securities Exchange (ADX) under the ticker symbol ADNOCDIST.
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