ADNOC to offer free petrol station services from Sunday

ADNOC Distribution net profit increases by 2.3% compared with the same period last year

In the first nine months of 2019, net profit increased to AED 1.72 billion, an increase of 2.3% compared with the same period last year for the third quarter of 2019 grew to AED 698 million, an increase of 10.0% compared to the third quarter of 2018, driven by higher volumes and improved cost efficiencies.

Total fuel volumes sold increased by 3.9% in the third quarter of 2019 compared to the third quarter of 2018.

ADNOC Distribution announced a new dividend policy, representing a 62% increase in the annual dividend for 2019 (AED 2.39 billion or 19.10 fils per share)