Media ININ Economy We Trust
Media In Abu Dhabi, October 14, 2018 (WAM)
ADNOC Distribution shareholders approved a dividend of AED 735 million (AED 0.0588) per share at the company’s general meeting today. “ADNOC Distribution has maintained its commitment to a consistent profit distribution policy driven by strong financial performance in the first half of 2018,” said Dr. Sultan bin Ahmed Al Jaber, Minister of State and Chairman of ADNOC Distribution. In August, ADNOC Distribution announced a net profit of AED 1,124 million for the first half of the year, an 18% increase over the same period last year. The company has also made significant progress in the past year by transforming its business model to enhance customer service as well as expanding the offerings of fuel products and other products. The initiatives launched include the launch of ADNOC Flex services and the addition of two new retail brands: Giant Express, Oasis and Oasis. The company continues to expand with the opening of 8 new service stations and 10 new stores since the second quarter of 2017
