Adnoc Distribution , Adnoc ( UAE ) leading fuel distributor, is actively seeking overseas acquisitions in its fuel retail and lubricants businesses. The company has $200m to spend, and is in discussions with partners to enter the competitive Saudi market. Adnoc reported Q3 capex net profits of Dh558m ( $200m ), while revenues for 2017 were up 24% year-on-year to AED5.96bn . the investment we're putting into our convenience stores. In addition, Adnoc 's Q3 capex fell 78% , due to the "abnormally high" capex of 2017 .
Adnoc Distribution , Adnoc ( UAE ) leading fuel distributor, is actively seeking overseas acquisitions in its fuel retail and lubricants businesses. The company has $200m to spend, and is in discussions with partners to enter the competitive Saudi market. Adnoc reported Q3 capex net profits of Dh558m ( $200m ), while revenues for 2017 were up 24% year-on-year to AED5.96bn . In addition, Adnoc 's Q3 capex fell 78% , due to the "abnormally high" capex of 2017 .