The company accelerated delivering on its growth strategy throughout the first half of the year, with the opening of 12 new stations in the UAE

ADNOC Distribution, UAE’s largest fuel and convenience retailer, reported today strong first half results for 2022, recording an EBITDA of AED 1.99 billion and net profits of AED 1.56 billion.

The company said it witnessed year-on-year growth in total fuel volumes, up 9% in H1 2022, compared to the same period last year. Additionally, the company’s corporate fuel volumes recorded sustained growth with a 27% year-on-year increase, which ADNOC Distribution attributed to UAE’s economic growth, driven by the new corporate fuel sales agreements confirmed last year.

source : https://www.oilandgasmiddleeast.com/