The meeting will be held in Abu Dhabi on 14 October 2018, subject to the approval of the UAE Securities and Commodities Authority (SCA).
Saeed Al Rashdi, acting Chief Executive Officer of ADNOC Distribution, commented: “The dividend our board of directors has approved reaffirms our commitment to a progressive and consistent dividend policy.”
“It also reflects the strong financial results we have delivered during the first half of 2018 and our confidence in our ability to continue to deliver our strategy and on the commitments we made at the time of our initial public offering.”
“We thank our shareholders for their continued trust in us and look forward to welcoming them to our general assembly meeting.”
ADNOC Distribution, listed on the Abu Dhabi Securities Exchange (ADX) under the symbol ‘ADNOCDIST’, is a leading fuel distributor and convenience store operator in the UAE with an approximate 67% market share by number of retail fuel service stations, the largest market share in the wholesale segment, and the largest retail store network by number of sites.
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