earnings "ADNOC Distribution" It exceeded the barrier of one billion dollars for two consecutive years
Abu Dhabi, April 29 / WAM / ADNOC Distribution announced that its profits after deducting interest, fire and taxes exceeded the barrier of one billion consecutive two years, which reflects the strength of the foundations on which the company and the durability of its path in achieving the best returns to shareholders are based on achieving an investment return exceeding 6%.
Engineer Badr Saeed Al -Lamki, CEO of ADNOC Distribution Company, said in a statement to the Emirates News Agency “WAM” that the company has a strong financial center that enables it to study new investment opportunities outside the three markets in which it is currently operating, in order to achieve added value to shareholders and provides the best return to investment.
He added that the company continues to achieve steady growth since its insertion in the Abu Dhabi Securities Market in 2019, where its operations expanded from the local market to promising regional markets that include the Kingdom of Saudi Arabia and the Arab Republic of Egypt.
Al -Lamki pointed out that the portfolio of the current stations managed by “ADNOC Distribution” is 900 stations, with a plan to raise the number to 1000 stations by 2028, explaining that the company pays great attention to developing “non -fuel” services such as “ADNOC Oasis”, auto washing stations, and vehicle examination centers, where recently the opening of exam centers in commercial centers, in line with the “General Community” in the Emirates, was recently opened. To facilitate customers’ access to services.
In the context of its efforts to enhance sustainable mobility solutions, he explained that the company currently occupies about 200 charging points for electric vehicles at the state level, while aiming to operate 500 high -capacity charger by 2028, indicating that the “ADNOC Distribution” charger is among the fastest, as it can charge the battery from 20% to 80% in a short time.
The CEO emphasized that ADNOC Distribution continues to improve customer experience by employing artificial intelligence technologies and the “ADNOC” smart application, which allows delivery of services to customer homes in cooperation with strategic partners, including the UAE “Nun” platform, to meet the needs of the public efficiently and quickly.
He explained that the company is currently operating in three main markets characterized by a population density, qualified infrastructure and a growing energy demand, with continued growth opportunities in it, noting that the number of “ADNOC Distribution” stations in the Kingdom of Saudi Arabia reached 100 stations, while its portfolio in the Egyptian market is 244 stations, as the company also started manufacturing lubricating oils, within the framework of continuous expansion within the Egyptian market.
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