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Trends & Analysis
News

Gold shorted after two-day rally

News

Crude oil slips despite Hormuz incident

News

Micron smashes Q3 expectations, shares rally 16%

News

FedEx’s shares slide despite Q4 profit beat

News

USD rises amid progress in US-Iran peace talks

News

Gold prices rise after 3 weeks of decline

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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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ADS Securities L.L.C – S.P.C (“ADSS”), a limited liability company – sole proprietorship company incorporated under United Arab Emirates law. Registered under Commercial License No.1190047. ADS Securities L.L.C S.P.C is regulated and authorised in the UAE by the Capital Market Authority (CMA) under Category 1 License No.305027 (Trading Broker, Trading and Clearing Broker, Trading Broker in the International Markets, Trading Broker of OTC Derivatives and Currencies in the Spot Market, Financial Products Dealer) and Category 5 License No.20200000217 (Introduction). Registered Office: 8th Floor, CI Tower, Corniche Road, P.O. Box 93894, Abu Dhabi, United Arab Emirates.

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