ADNOC Distribution announces H1 2022 results, records strong performance  

Company reported EBITDA of AED 1.99 billion and Net Profit of AED 1.56 billion in the first half of 2022  

ADNOC Distribution’s fuel volume grew by 9% compared to H1 2021, driven by its commercial and retail businesses  

In H1, company achieved approximately 60% of its 2022 network expansion target, delivering 38 new stations across the UAE and Saudi Arabia, growing its total network to 538 stations  

The company further signed an agreement to acquire a 50% stake in TotalEnergies Marketing Egypt, which includes 240 fuel retail stations, wholesale fuel, aviation fuel and lubricants operations, delivering on commitment to international growth  

ADNOC DISTRIBUTION TO ACQUIRE A 50% STAKE IN TOTAL ENERGIES’ FUEL RETAIL, AVIATION AND LUBRICANTS BUSINESS IN EGYPT

Delivering on its commitment to pursue attractive international growth, ADNOC Distribution signs an agreement to acquire a stake in a significant portfolio, which includes 240 fuel retail stations, wholesale fuel, aviation fuel and lubricants operations

c. $203 million investment is the largest in ADNOC Distribution’s history

The acquisition will accelerate ADNOC Distribution’s international growth following regional expansion in the Kingdom of Saudi Arabia in 2018

All ADNOC Distribution Buildings Now Linked to Hassantuk Safety System

Hassantuk’sState-of-the-Art Smart System Increases Efficiency of Emergency Service Response to Fire and Life Safety Alarms

Abu Dhabi, UAE – July 6, 2022:The UAE Civil Defense announced today the installation of the “Hassantuk” system, a smart early warning system integrated into a UAE Civil Defense network, in all ADNOC Distributionbuildings, the UAE’s largest fuel and convenience retailer. The announcement comes in line with the agreement that has been signed with “Injazat Data Systems”, a pioneering UAE provider of digital transformation solutions.