Adnoc Distribution shareholders approve a new five-year dividend policy with a $700m annual dividend.

Shareholders of Adnoc Distribution, the UAE's largest fuel and convenience retailer, have approved a new five-year dividend policy, with an annual dividend of $700m or a minimum of 75% of net profits. The company aims to expand its EV infrastructure to more than 500 chargers by 2028, while focusing on domestic growth, international platforms, and future-proofing the business.

March 28, 2024
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