ADNOC Distribution continues its expansion journey in the markets of Egypt, Saudi Arabia and the UAE, supported by an ambitious investment strategy and flexibility in seizing promising acquisition opportunities.
The Emirati company ADNOC Distribution plans to significantly expand its network in Egypt, Saudi Arabia and the Emirates in the coming years, with the aim of adding between 15 to 20 new stations in these markets during the next six months, as part of its ambitious plan to expand in the region.
In this context, Badr Saeed Al Lamki, CEO of ADNOC Distribution, confirmed that the company aims to invest between 250 and 300 million dollars annually for the next five years to strengthen its presence in these strategic markets.
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Al-Lamki indicated that the company is open to opportunities to acquire companies in Egypt, stressing that this depends on the size of the opportunity and the added value it will provide.
It is worth noting that in 2023, ADNOC Distribution acquired 50% of the activities of “Total Energies Egypt” in a deal worth more than $203 million.
This deal included the activities of retail, wholesale and aviation fuel stations in Egypt. Prior to this acquisition, Total Energies Egypt operated 240 fuel stations and more than 100 retail stores, in addition to more than 250 oil change stations, car washes, wholesale fuel, jet fuel and lubricant operations.
ADNOC Distribution is the largest fuel retailer and distributor in the UAE, operating more than 500 fuel stations and 362 convenience stores. Egypt is the company’s third market after launching its operations in the Kingdom of Saudi Arabia in 2018.
