A view of an ADNOC office.
ADNOC Distribution has been named the No1. retail brand in the region in the Forbes Middle East Top 100 Companies 2020.
ADNOC Distribution, ranking at number 52 overall, is one of 21 UAE companies to be listed, with GCC companies accounting for 90 percent of the total 100.
Compiled of the largest and most successful listed companies in the region, the validation comprises in-depth research and data from all stock exchanges in Arab countries, and analysis of market value, sales, assets and profits.
"It is an honour to be recognised as the number one retail brand in the region, testament to the hard work we do every day to deliver convenient and accessible fuel and convenience retail to customers," said Ahmed Al Shamsi, Acting CEO of ADNOC Distribution.
The innovative transaction structure allows ADNOC to tap new pools of global institutional investment capital, whilst maintaining full operating control over the assets included as part of the investment.
ADNOC will hold a 60% equity stake in the venture, while ADQ, a state-owned holding company, will have the remaining 40%, the statement said.
The Abu Dhabi National Oil Company (Adnoc) announced on Sunday that it has entered into a follow-on pipeline infrastructure investment agreement with the Abu Dhabi Retirement Pensions and Benefits Fund (ADRPBF). ADRPBF will invest Dhs1.1 billion ($300 million),
Adnoc is absorbing, embedding and applying cutting edge technology at every step of the production process from oil platforms to trading platforms, said Dr Sultan Al Jaber, CEO of ADNOC Group. ‘’In short, as we enter a new age of technology, the world remains reliant on a 160-year-old industry,
The Portuguese Passport is in sixth place amongst the world’s most powerful, according to the Henley Passport Index, giving, in 2021, access to 188 countries.
Rashed Lahej Al Mansouri, Director-General of the General Administration of Abu Dhabi Customs, has said that Abu Dhabi possesses a solid logistical infrastructure and advanced digital technologies that enhance its trade globally.
Abu Dhabi Fund for Development (ADFD) has signed a cooperation agreement with the Emirates Red Crescent (ERC) to finance the development projects supported by the “Mother of the Nation” programme in the Comoros.