In the first nine months of 2024, ADNOC Distribution exceeded 11 billion liters in total fuel volumes, marking a 9.2 percent year-on-year increase, driven by network expansion, economic growth, and growing contributions from international operations.
Service station expansion
ADNOC also added 19 new service stations in the first nine months of 2024, bringing the total to 855 across the UAE, KSA, and Egypt, achieving its full-year goal of adding 15 to 20 stations ahead of time. Eight of these, launched in Dubai in Q3, cater specifically to trucks, in partnership with Dubai’s Road and Transport Authority (RTA).
As of September 30, ADNOC Distribution’s UAE network included 112 fast and super-fast charging points, more than double compared to 53 at the end of 2023, with plans to reach 150-200 charging points by the end of 2024.
Growth across non-fuel operations
ADNOC Distribution’s non-fuel retail transactions grew by 9.4 percent year-on-year during the period, with a 10.3 percent growth in Q3 alone. The convenience store conversion rate reached 25.5 percent over the nine-month period, the highest in five years, including 25.9 percent in Q3 2024.
ADNOC implemented key growth initiatives including expanding premium food and beverage offerings, enhancing car services, and optimizing real estate to strengthen the company’s position.
In the nine months to September, ADNOC Distribution also added more than 60 commercial retail tenants across its network, including new stores, restaurants, and car services, with plans to add another 20 by the end of the year.
The company aims to double the number of property units occupied by top international and regional food and beverage brands by the end of 2025.
Full story ADNOC Distribution reports record high $790 million nine-month earnings (economymiddleeast.com)
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