ADNOC Distribution expands Saudi presence with 160 new stations by 2026

11/08/2025 04:37 AST

Abu Dhabi National Oil Company for Distribution, the retail arm of the UAE's state energy giant, is accelerating its push into Saudi Arabia, with plans to open 160 new service stations by next year, CEO Badr Saeed Al Lamki said in an interview.

The expansion will rely on a "dealer-owned" model that ADNOC says has already helped it double its Saudi footprint in just over a year, from 70 locations at the end of last year to 140 today.

The company aims to reach 300 stations across the kingdom by 2026 and is considering deploying the same ownership model in other markets.

"We focus on choosing the optimal model to deliver the highest return on investment," Al Lamki said.

The growth drive in Saudi Arabia is part of a wider regional strategy that includes Egypt, where ADNOC has begun producing lubricants for export to 47 markets.

Across the UAE, Saudi Arabia and Egypt, the company operates 940 stations and is increasing revenue from non-fuel services such as car care, its Oasis convenience stores and more than 1,000 rental units.

This Could Be the Best Time to Trade Gold in 5 Years
Access the gold market with leverage up 1:1000 and tight spreads. Fast signup. No hidden fees. Trading derivatives involves high risk to your capital.

It is also using artificial intelligence and data analytics to streamline supply chains and tailor retail offerings to customer preferences.

ADNOC posted a net profit of $319 million in the first half of 2025, up 12.2 percent from a year earlier, on record fuel sales of more than 7 billion liters, and plans to pay a $350 million interim dividend in October.

Gulfnews