“UAE’s Favorable Endorsement to Rebrand is Stunning”

 



Here’s something good that I want to share with what I read today. The UAE's Abu Dhabi National Oil Co. Distribution won endorsement to rebrand 15 gas stations in the Eastern Province as ADNOC International, as indicated by sources at Saudi Arabia's Public Authority for Parameter. The choice by the position followed an examination concerning whether the arrangement conformed to rivalry rules in the Kingdom. The sources added that the Competition Authority is as of now considering various applications for comparable foundations that wish to obtain fuel stations in the Saudi market.

 

Looking at it, ADNOC Distribution opened its first station in Saudi Arabia in December 2018, on the Riyadh-Dammam expressway, around 40 kilometers from the capital, and opened its second station in Al-Hofuf, Al-Ahsa Governorate, in no time subsequently. The new arrangement brings ADNOC's complete number of stations in the Kingdom to 17. and it’s surprising since the Abu Dhabi organization in February reported that net benefit for 2020 expanded 9.7 percent year-on-year to AED 2.4 billion. Just imagine that.

 

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