ADNOC DISTRIBUTION RECORDS 28% Y-O-Y INCREASE IN Q3 2023 EBITDA, REPORTING ONE OF ITS STRONGEST RESULTS SINCE IPO

• Company’s Q3 2023 EBITDA rises to $303 million (AED1.1 billion) and net profit increases 9% Y-o-Y to $227 million (AED835 million)

• ADNOC Distribution’s fuel volumes sold in GCC countries (UAE and Saudi Arabia) witness a significant 21% increase Y-o-Y

• Q3 2023 Non-fuel transactions up 14% Y-o-Y and convenience store conversion rate rises to 24% from 21% in Q3 2022, indicating that more fuel customers are also shopping at our convenience stores

• Company achieves its full-year 2023 target by opening 28 new stations during the first nine months of the year

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