Today's Edition
A. SREENIVASA REDDY (ABU DHABI)
ADNOC Distribution, the retail arm of ADNOC Group, delivered a 17% total shareholder return in 2025, according to its Integrated Report filed with the Abu Dhabi Securities Exchange (ADX).
Since its listing in 2017, the company has generated total shareholder returns of more than 116%, underpinned by strong operational performance, disciplined capital allocation, and a resilient business model.
“ADNOC Distribution offers a compelling value proposition, backed by a solid business model and financial position, strong track record of value creation, and a focus on delivering growth,” the report said.
Trading of ADNOC Distribution shares began on December 13, 2017, at an initial public offering (IPO) price of Dh2.50. The stock closed 2025 at Dh3.90, after reaching a 52-week high of Dh4.02, reflecting steady upward momentum in market performance.
The company’s paid-up share capital stands at Dh1 billion, divided into 12.5 billion shares with a nominal value of Dh0.08 each.
At the end of 2025, ADNOC Distribution had more than 16,000 shareholders, with 77% of shares held by XRG, ADNOC’s international investment arm, while the remaining 23% constituted free float held by institutional and retail investors.
UAE and GCC institutions accounted for 10% of total shareholding, international investors held 8%, and retail investors accounted for 6%.
The stock saw improving liquidity, with average daily trading volume reaching 7.4 million shares and average daily traded value at Dh27.2 million in 2025. The company’s market capitalisation stood at Dh48.8 billion at year-end.
ADNOC Distribution is included in several major global and regional indices, including the FTSE ADX General Index, FTSE ADX 15, FTSE ADX Energy Index, and FTSE ADX Dividend Stars Index. It is also part of the MSCI Emerging Markets Index and other ESG-focused benchmarks, reinforcing its appeal to international institutional investors.
The company continues to offer one of the most attractive dividend policies in the region. It distributed a total of Dh2.57 billion in dividends for 2025, in line with its policy of paying either at least 75% of net profit, or a minimum fixed payout, whichever is higher.
Since its IPO, ADNOC Distribution has distributed Dh18.7 billion in dividends, while maintaining an annual dividend yield of over 5%, based on the year-end share price.
The company said it will move to quarterly dividend payments from 2026, enhancing return visibility and consistency for shareholders. The transition will see shareholders receive the second-half 2025 dividend in April 2026, followed by quarterly payouts thereafter.
ADNOC Distribution’s business fundamentals continue to support its market performance. The company operates more than 1,000 service stations across the UAE, Saudi Arabia and Egypt, along with around 540 convenience stores and 37 vehicle inspection centres. It also has over 400 EV charging points across its UAE network, reflecting its push into sustainable mobility solutions.
The company plans to expand further, targeting 1,150 service stations by 2028 and continuing to grow its EV charging network, with 20 highway charging hubs planned by 2027, including 15 expected to be operational by the end of 2026.
In addition, ADNOC Distribution aims to add 60 to 70 new service stations and 50 to 60 EV charging points in the near term, while expanding its “The Hub by ADNOC” retail concept to 30 locations by 2030.
The company is increasingly focusing on non-fuel retail and digital transformation as key drivers of growth. “Concepts such as The Hub by ADNOC and the refreshed Oasis by ADNOC brand exemplify our shift toward higher-margin, experience-led retail,” the report said.
Technology is also becoming central to operations, with more than 20 AI-enabled initiatives deployed across pricing, supply chain optimisation and customer engagement. “Technology and AI are now central to our operating model, strengthening operational efficiency and supporting margin resilience,” the report noted.
Looking ahead, ADNOC Distribution expects sustained growth supported by network expansion, digital transformation and increasing contribution from non-fuel retail. “2026 will be a year of sustained momentum and disciplined growth,” the company said, highlighting continued investments in EV infrastructure, retail innovation and international expansion.
