ADNOC Distribution to Acquire 20 Service Stations in Saudi Arabia

ADNOC Distribution to Acquire 20 Service Stations in Saudi Arabia

ADNOC Distribution announced that it has executed two agreements to acquire 20 service stations in Saudi Arabia worth .

5 million to increase its total network there to 37 stations, Reuters reported.

ADNOC announced, earlier in January, that it has finalized an agreement to acquire 15 service stations in Saudi Arabia at a cost of $10 million, reaffirming its commitment to expand its businesses in the kingdom.

Additionally, the company stated that it has achieved an acceleration in its international growth by the acquisition of the 15 services stations in Saudi Arabia.

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Fatma Ahmed 2046 Posts

Fatma Ahmed is a staff writer with six years’ experience in Journalism. She is working in the field of oil and gas for four years. She also worked in the field of economic journalism for 2 years. Fatma has a Bachelor Degree in Mass Communication.

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