The company raised Dh3.1 billion after it offered 10 per cent of its shares through an initial public offering (IPO). It recently announced an agreement to open 10 Géant branded convenience stores in the UAE in 2018.Īdnoc Distribution, the fuel and retail arm of Abu Dhabi National Oil Company (Adnoc), was listed on Abu Dhabi Securities Exchange on December 13 with the stock opening at Dh2.90 compared to the final IPO price of Dh2.50, a 16 per cent increase. Drawing on our 45 year history of success in the UAE, I am confident that we will bring more choice and service to customers in the Kingdom while always being mindful of our 100 per cent commitment to safety,” CEO of Adnoc Distribution, Saeed Mubarak Al Rashdi.Īdnoc Distribution is the leading fuel distributor and convenience store operator in the UAE, with an approximate 67 per cent market share by number of retail fuel service stations. Every month, more than 20 million visits are paid to our network of more than 380+ retail service stations in Abu Dhabi, Dubai, Sharjah, Ajman, Fujairah. “We extend our thanks to MOMRA for issuing our license to operate in the Saudi Arabia. About Adnoc Service Station Marabia Al Dhafra (742) Adnoc Distribution is the UAE's leading operator of retail fuel service stations and the sole retail fuel operator in Abu Dhabi and Sharjah. The company plans to open one service station in Saudi Arabia in 2018 as part of its growth strategy, according to a statement. ADNOC, petrol station: addresses with entrances on the map, reviews, photos, phone numbers, opening hours and directions to these places. The announcement was made in Riyadh during a signing ceremony on Sunday. Abu Dhabi: Adnoc Distribution has been awarded a license to own, operate and manage fuel service stations in the Kingdom of Saudi Arabia by the Ministry of Municipal and Rural Affairs (MOMRA), which regulates the Kingdom’s fuel station industry.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |