UAE’s largest fuel and convenience retailer, ADNOC Distribution has opened its latest service station in Saudi Arabia, the first to fully exhibit the company’s modern fuel and retail convenience offering in the Kingdom.
During the first half of 2021, ADNOC Distribution received no-objection certificates from the Saudi General Authority for Competition (GAC) to acquire 35 stations in the Kingdom.
The Abu Dhabi-listed company plans to open more ADNOC service stations in Saudi Arabia this year and in 2022, in accordance with its smart growth strategy locally and internationally.
The new station is the first in the Kingdom to be fully constructed and operated by ADNOC Distribution, bringing its modern fuel and retail convenience to customers and communities in Saudi Arabia.
The station will offer fuel and non-fuel retail, with car wash and lube change located onsite, as well as the first signature ADNOC Oasis store in the country, offering a wide selection of products, and a range of fresh food and hot and cold made-to-order beverages.
Bader Saeed Al Lamki CEO ADNOC Distribution
“We reaffirmed our commitment to Saudi Arabia through the intention to expand our presence both through acquisition and organic growth. Having first opened in the Kingdom in 2018, this continued expansion is an integral part of our company’s overarching strategic growth plans. We look forward to more openings later this year and into 2022.”
“We have a strong proposition to bring to the Saudi market and are committed to delivering on our promises to the market and customers. We are delighted to open our first full ADNOC Service Station experience in the Kingdom, bringing our modern, fresh approach to fuel retail to customers,” Mr. Mohammed Ali Zabani, Saudi Arabia Country Manager, ADNOC Distribution, stated.
As of the end of September, ADNOC Distribution had 459 fuel stations across the UAE, with 31 stations in Dubai contributing to incremental volumes. The company’s net profit for the first nine months of the year rose more than 6 percent to $457.8 million due to the recovery of fuel volumes amid the ongoing post-coronavirus growth in the country.
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