AI Summary
Badr Al Lamki, CEO of ADNOC Distribution
Badr Al Lamki, CEO of ADNOC Distribution, said the company plans to pursue its expansion in the Saudi market by launching 160 new stations in 2026, leveraging the agent-owned station model.
In an interview with Asharq, Al Lamki said this model enabled the company to double its number of stations in Saudi Arabia. ADNOC Distribution currently operates 140 stations in the Kingdom and aims to reach 300 units by 2026.
He affirmed that the company is open to adopting the agent-owned model in other markets outside the Kingdom, noting that the company focuses on selecting the optimal model to maximize return on investments.
Al Lamki noted that capital expenditure allocated for organic growth will range between $250 million and $300 million, covering the construction of new stations and the expansion of non-fuel services.
He confirmed that funding will be supported by the company’s strong financial position.
In another interview with Al Arabiya, the CEO highlighted that the company’s network expanded to 940 stations across the UAE, Saudi Arabia, and Egypt, along with notable growth in non-fuel activities such as car wash and care services, as well as over 1,000 leased retail units.
Be the first to comment
Comments Analysis: