Adnoc Distribution acting CEO says debut service stations in Saudi Arabia are performing 'above expectation'
Adnoc Distribution, the UAE-based fuel and convenience retailer, has celebrated the opening of its first service station in Saudi Arabia.
In a ceremony conducted at the station, Sheikh Shakhbout bin Nahyan Al Nahyan, UAE Ambassador to Saudi Arabia, attended alongside Saeed Mubarak Al Rashdi, acting CEO of Adnoc Distribution, and other officials.
Adnoc Distribution’s first Saudi service station, which is on the Riyadh-Dammam highway around 40km from the capital, began operating at the end of November.
It was followed days later by the second in the city of Hofuf within Al Ahsa Governate, a statement said.
“Our new stations in Saudi Arabia are performing above expectation,” said Al Rashdi. “There is strong volume coming through them and clearly Saudi customers are enjoying the Adnoc Distribution experience. These stations were planned to give us insights into the Saudi consumer in advance of further growth in the kingdom.
"We have already alluded to our ambitions in Saudi Arabia, and look forward to becoming a familiar brand here. We are very excited about the potential this has and how it will advance the very close ties between the kingdom and the UAE,” he added.
The ambassador said: "The Saudi-Emirati Coordination Council has strengthened the strategic partnership between Saudi Arabia and the UAE and offers us all the opportunity to grow and flourish across multiple sectors and industries. The entry of Adnoc Distribution to this market is a great example of this effective partnership.”
Adnoc Distribution operates 376 retail fuel stations, 252 Adnoc Oasis convenience stores and 13 Géant Express convenience stores.