Adnoc distribution completes acquisition of 34 service stations

Abu Dhabi: Adnoc Distribution today announced it has completed the acquisition of 34 Emarat service stations and a fuel depot at Port Khaled in Sharjah.

To date in August, Adnoc Distribution has achieved the successful takeover of six Emarat service stations. Work on one remaining service station is due for completion at the end of the current month.

The acquisitions are in line with an agreement that Adnoc Distribution signed with Emarat in September 2013 towards the takeover of 75 service stations within a period of 24 months from signing the agreement that was initially inked in September 2013.

Khalid Hadi, Vice-President of Marketing and Corporate Communications Division at Adnoc Distribution, said: “This month alone, we have completed the acquisition of Jameat, Burhan and Al Sharjah service stations in the emirate of Sharjah, Dhait and Adhen in Ras Al Khaimah, and Al Fahad in Ajman. The takeover of Al Aabar service station is planned for August 28. We have already completed rebranding works at the Al Madar, Al Madina and Al Dorra service stations. Work is also progressing in the Al Khalidia, Al Yarmouk, Al Kharran, Al Abraq, Essa, Majid, Maisaloon, Musalla and Al Maha service stations. This will be followed by the commencement of refurbishment work at the remaining stations under the acquisition agreement.”