Press releases, Reports & Disclosures for Abu Dhabi National Oil Company For Distribution

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.

The text is likely about ADNOC Distribution's corporate governance report for the year 2023. It discusses the company's commitment to delivering on its promises and ensuring its business is future-proof. The report also covers the transformation of mobility, a key aspect of ADNOC's operations.

The Board of Directors of Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) will meet on 27 March 2024 at 4:30 p.m. in Abu Dhabi. The agenda includes the election of the Chairperson and Deputy Chairperson of the Board, appointment of a new Board Secretary, and appointment of the Board Committees' chairpersons and members. Other general business matters will also be discussed. The notification was sent by the Board Secretary, Mann El Aydi, to the Market Operations Surveillance Department of the Abu Dhabi Securities Exchange and the Securities and Commodities Authority.

The Board of Directors of the Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) has approved a proposal to pay the board AED 25.56 million as remuneration for the financial year ended 31 December 2023. The proposal will be presented to the company's shareholders for approval at the General Assembly Meeting scheduled for 27 March 2024.

On 22nd March 2024, the Market Operations Surveillance Department of Abu Dhabi Securities Exchange announced the list of candidates for the Board of Directors of Abu Dhabi National Oil Company for Distribution PJSC (ADNOC Distribution). This follows the opening of nominations for the board membership on 5th March 2024. The candidates, who are all non-executive and independent, will be presented to the shareholders at the annual General Assembly Meeting on 27th March. The candidates include H.E. Dr. Sultan Ahmed Al Jaber, H.E. Ahmed Jasim AlZaabi, Mr. Khaled Salmeen, Mr. Khaled Al Zaabi, Mr. Marwan Naim Nijmeh, Mr. Saif Al Falahi, and Mrs. Paula Disberry.

The Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) has announced that a circular resolution will be distributed to its Board of Directors at 3:00 pm on 21 March 2024. The resolution is set to discuss and review general business matters. The notification was issued by the Market Operations Surveillance Department of the Abu Dhabi Securities Exchange and a copy was sent to the Securities and Commodities Authority.

The text refers to ADNOC Distribution's Corporate Governance Report for the year 2023. The focus of the report appears to be on fulfilling commitments and ensuring the future sustainability of the business, with a particular emphasis on transforming mobility.

The text represents ADNOC Distribution's Corporate Governance Report for 2023. The report emphasizes the company's commitment to delivering on its promises and future-proofing its business. It also highlights the company's focus on transforming mobility. The report is likely to be of interest to users on a finance and investing platform with social functionality.