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English news

09-Dec-2018

ADNOC Distribution opens first two service stations in Saudi Arabia

ADNOC Distribution [ADNO.AD] announced that it has opened its first two service stations in Saudi Arabia on 6 Dec 2018. The first station is located on the Riyadh-Dammam Highway, and the second one is in Hofuf, within Al Ahsa in the Eastern Province. The company is currently reviewing ways to grow its international operations as part of its strategy to expand outside of the UAE. 
 
ADNOC Distribution (AD): AED2.25 as of 6 Dec. 2018, Rating: Buy, TP: AED3.20/share, MCap: USD7,663mn, ADNOCDIS UH/ADNO.AD

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