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The Board of Directors of Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) held a meeting on 27 March 2024. They elected H.E. Dr. Sultan Ahmed Al Jaber as the Chairman and H.E. Ahmed Jasim Al Zaabi as the Deputy Chairman of the Company’s Board of Directors. Mr. Ben Hennessy was appointed as the Board Secretary, effective from 28 March 2024. The board also appointed members to its Board Committees, including the Executive Committee which consists of Mr. Khaled Salmeen as Chairman and six other members.

ADNOC Distribution shareholders have approved a new five-year dividend policy as the company focuses on accelerated growth. The shareholders also approved an H2 2023 dividend of AED1.285 billion, bringing the total 2023 dividend to AED2.57 billion. Since its initial public offering in 2017, ADNOC Distribution has provided shareholders with a 90% return on their investment. The new dividend policy sets an annual dividend of $700 million or a minimum of 75% of net profit, whichever is higher. The company is targeting growth domestically and internationally, exploring expansion into new markets. It also reaffirmed its commitment to AI and innovation-enabled growth, customer-centricity, and sustainability. AI and advanced technology have enabled a four-year high customer convenience store conversion rate of 24.7% and a 10% reduction in carbon emissions of fuel delivery truck operations.