During the Investor Majlis, ADNOC Distribution said that it aims to increase the size of its service station network to 1,150 by 2028, which is 15% more than the previous guidance of 1,000. This target reflects stronger performance across the company’s core business.
The Company also announced an updated non-fuel retail target, aiming to double non-fuel retail transactions by 2030 compared to 2023 levels, replacing its previous goal of a 50% increase by 2028.
At the event, the Company announced a proposed extension to its existing dividend policy (subject to final shareholder approval in 2026) for an additional two years, through fiscal year (FY) 2030. At the end of September, ADNOC Distribution Board approved interim cash dividend of $350mn for H1 2025.
This brings total dividend commitments to $4.9 billion at a minimum $700 million annual disbursement or 75% of net profit, whichever is higher, following a previously announced $3.5commitment from 2024 through the end of 2028. Coming into effect in the first quarter of 2026, dividend payments will now take place on a quarterly basis.
The Investor Majlis showcased the value creation opportunities within the ADNOC ecosystem, emphasizing how ADNOC Distribution is delivering strong shareholder returns. It offered investors direct access to the company’s leadership and deeper insight into its strategic priorities, growth outlook, and commitment to sustainable dividends.
ADNOC Distribution is the largest fuel and convenience retailer in the United Arab Emirates (UAE). It is a subsidiary of the Abu Dhabi National Oil Company (ADNOC), one of the world’s leading energy producers. Established in 1973, ADNOC Distribution has grown into a key player in the UAE’s downstream energy sector.
