15/02/2018 05:33 AST

Adnoc Distribution has released its first preliminary, unaudited financial statements for financial year 2017, following their listing on the Abu Dhabi Securities Exchange in December last year.

Revenue increased in 2017 to Dhs19.8 billion ($5.39 billion), according to preliminary, unaudited financial statements reported to the Abu Dhabi Securities Exchange. EBITDA was up to Dhs2.3 billion ($621 million) and profit for the year rose to Dhs1.8 billion ($491 million).

Adnoc Distribution's audited results for 2017 are due to be released on 25th February.

Adnoc Distribution listed shares on the Abu Dhabi Securities Exchange in December as part of the Adnoc Group's strategy to unlock value and capital to enable future growth.

Meanwhile, Adnoc, announced that it has launched the implementation phase of its new In-Country Value, ICV, strategy, aimed at increasing the company's ICV contribution and strengthening its relationship with the UAE's private sector.

All business partnerships with adnoc now include an ICV assessment as part of the tender evaluation and award process. The adnoc ICV strategy seeks to stimulate private sector partnerships and opportunities resulting from adnoc's 2030 growth strategy, catalyse socio-economic development, improve knowledge transfer and create additional employment for UAE nationals. It reinforces the company's commitment to supporting local businesses and their role in driving economic diversification and GDP growth.

adnoc's Dhs400 billion capital spend across its entire value chain, over the next five years, will create multiple opportunities for local companies to grow alongside adnoc.


The Gulf Today

Adnoc Distribution approves $350m interim cash dividend for H1

24/09/2025

Adnoc Distribution has announced that its Board of Directors has approved an interim dividend of $350 million (AED1.285 billion) for the first half of 2025, equivalent to 10.285 fils per share.

Trade Arabia

Adnoc Distribution, Landmark Group launch loyalty partnership

12/09/2025

Adnoc Distribution, a UAE fuel and convenience retailer, has partnered with Landmark Group, the Middle East's omnichannel retail leader, to offer point conversion and cross-platform redemption betwee

Trade Arabia

ADNOC Distribution expands Saudi presence with 160 new stations by 2026

11/08/2025

Abu Dhabi National Oil Company for Distribution, the retail arm of the UAE's state energy giant, is accelerating its push into Saudi Arabia, with plans to open 160 new service stations by next year,

Gulfnews

Ticker Price Volume
ADNOCDIST Sector Market
P/E
Price/BookValue
Dividend Yield (%)
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
SAUDIARAMCO 25.30 0.33 (1.32%)
ABAR 213.00 -3.00 (-1.39%)
ADNOCDRILL 5.89 0.01 (0.17%)
ADNOCGAS 3.61 -0.02 (-0.56%)
BAHRI 30.84 -1.22 (-3.81%)
Gulf Bank continues to attract young Kuwaiti talent and professionals

17/10/2025

As part of its ongoing support for youth and its continuous efforts to attract the best national talents and professionals, Gulf Bank concluded its participation and sponsorship of the "My Job" caree

Kuwait Times

Aayan Leasing and Investment acquires a strategic stake in DAWI app

17/10/2025

Aayan Leasing and Investment Company has announced that one of its subsidiaries has acquired a strategic stake in Fresh Minds, the owner of the "Dawi" application - a leading digital healthcare platf

Kuwait Times

KIPCO recognized by Forbes Middle East for continued sustainability excellence

17/10/2025

KIPCO - Kuwait Projects Company (Holding) - was recognized by Forbes Middle East for the third consecutive year for its continued commitment to advancing sustainability and governance practices acros

Kuwait Times

Aramco Chief Warns of Global Oil Shortage if Industry Fails to Invest

17/10/2025

The head of Saudi Aramco, Amin Nasser, has warned of a global oil shortage on the horizon, after a decade in which the energy industry turned its back on the search for new oil.

Nasser calle

Asharq Al Awsat

Alec Holdings debuts on DFM in largest-ever construction sector IPO

17/10/2025

Alec Holdings, a diversified engineering and construction group in UAE, has announced its listing on Dubai Financial Market, thus marking UAE's largest-ever initial public offering in the constructio

Trade Arabia