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الاقتصادية - CNN
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الاقتصادية

2026-08-05T10:05:00.000Z

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Gold surges over 2% to two-week high

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21 Hrs2026-08-05T00:55:00.000Z
Wall Street hits record on AI gains and Iran deal hopes
الاقتصادية - CNN

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Adnoc Distribution Records 59% Profit Rise

Adnoc Distribution Records 59% Profit Rise

Adnoc Distribution achieved record financial results in the first half of 2026, with net profits rising by 59% to $568 million, and EBITDA increasing by 39% to $786 million. This was driven by strong demand for fuel and the expansion of the station network to 1,045 stations, reflecting an 11% increase, as well as a 12% growth in the non-fuel retail sector. The company continues to develop new concepts such as "The Hub" and has signed strategic partnerships, alongside a focus on digital transformation and international expansion. It has plans to acquire Shell South Africa's operations for $1 billion, a move expected to boost earnings per share by 6% in 2027. Additionally, the company plans to distribute a cash dividend of $175 million for the second quarter of 2026 as part of its strategy to deliver attractive returns to shareholders and foster growth.

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