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ABU DHABI / WAM
Adnoc Distribution’s shareholders have approved the Board of Directors’ recommendation to pay an interim dividend of AED735 million, at the company’s General Assembly meeting.
Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and Chairman of the Adnoc Distribution Board of Directors, said: “Adnoc Distribution has maintained its com- mitment to a progressive and consistent dividend policy, which is underpinned by our strong financial results delivered in H1 2018. We wish to thank our shareholders for their trust in us and look forward to continuing to deliver on our strategy and promises we made at the time of our initial public offering.â€
Adnoc Distribution, listed on the Abu Dhabi Securities Exchange (ADX) under the symbol “ADNOCDISTâ€, is the leading fuel distributor and convenience store operator in the UAE with an approximate 67 percent market sha-re by number of retail fuel service stations, the largest market share in the wholesale segment, and the larg-est retail store network by number of sites.