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For the first time in Egypt, Cityscape launches the North Coast Exhibition in July 2026

By
Sahfy Sahfy
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Cityscape is set to launch the first edition of “Cityscape North Coast” from 23 to 25 July 2026 in New Alamein City, in a move that aligns with the rapid transformation of the North Coast into one of the region’s leading real estate investment hubs. 

The event is being held in the North Coast for the first time in response to the significant growth in both local and foreign investments in the area, which have exceeded EGP 240 billion in New Alamein City alone, alongside annual real estate sales growth reaching up to 75%, further strengthening its position as a regional hub attracting major investments.

Over the course of three days, the exhibition will bring together more than 20 leading real estate developers in Egypt, showcasing a diverse portfolio of projects and investment opportunities aligned with Egypt Vision 2030, which aims to transform the North Coast into a fully integrated, year-round residential and development destination. This reflects the success of public-private partnerships in driving urban development in the area. The exhibition will also serve as a platform to connect with top developers and explore exceptional projects that reinforce the North Coast’s position as a promising destination, while offering direct opportunities to engage with investors and decision-makers in an environment that blends investment with a distinctive coastal lifestyle.

Robier Daniel, Cityscape Egypt Exhibition Director, stated: “The launch of the North Coast edition marks a new chapter in Cityscape’s journey, as we aim to provide a platform that brings developers and investors together at the heart of this urban transformation, contributing to the growth of tourism and investment in Egypt. As the North Coast evolves into a fully integrated, year-round destination, the event offers visitors, the chance to explore the latest coastal launches and flexible financing solutions that meet investors’ aspirations and respond to economic challenges, especially those from the GCC seeking second homes and investment opportunities in Egypt.”

Dr. Eng. Mohamed KhalafAllah, Head of New Alamein City Authority, commented: “New Alamein City, the capital of tourism and one of the most sustainable cities, stands as one of the Egyptian state’s most significant urban achievements over the past decade. The city is preparing to host the international Cityscape exhibition as part of the major international conferences and key events scheduled for the Alamein 2026 season.”

The event is expected to attract more than 5,000 visitors, while offering entertainment experiences and interactive activities that provide attendees with a comprehensive journey combining deal-making, partnership building, and the opportunity to explore a distinctive Mediterranean coastal lifestyle, alongside discovering the latest trends in the real estate sector in a unique seaside setting.

AHRC: The Mass Shootings Phenomenon Requires Vigilance, Collaboration, and a National Conversation

By
Sahfy Sahfy
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The American Human Rights Council (AHRC USA) joins the nation in profound grief over the victims of the May 18, 2026, mass shooting at the Islamic Center of San Diego—another senseless act of hate and violence.

This attack comes as Muslim Americans and Muslims worldwide prepare for Eid Al Adha on May 27, during the holiest ten days of the Islamic lunar calendar, deepening the community’s pain. AHRC extends its deepest condolences to the families and friends of those who lost their lives and wishes a full and speedy recovery to all who were injured.

Mass shootings and domestic terror attacks have become increasingly frequent. These tragedies remind us that hate and violence are blind to identity—both in those who commit them and the communities they target. No place is immune.

The toxic climate of political rhetoric, demonization, racism, and hate directed at Muslims in America creates fertile ground for violence and risks normalizing hostility toward Muslims and the faith of Islam. This trend is appalling, un‑American, dangerous, and unacceptable.

The growing threat of mass shootings and domestic terrorism poses a serious national challenge that requires urgent attention. Responding effectively will require proactive planning and sustained cooperation between law enforcement and the communities they serve.

Local law enforcement alone cannot shoulder the responsibility of public safety. A coordinated local, state, and national conversation leading to practical, common‑sense action is required. Public safety must never be reduced to ideology or partisanship. This is about saving lives.

The heroism of mosque guard Amin Abdullah helped save the lives of the children and staff of the center. The other two mosque victims of the shooting were Mansour Kaziha and Nader Awad. Mr. Awad died while protecting others by warning them to stay away from the center during the shooting. Their actions remind us of the extraordinary impact one individual can have when guided by duty and compassion.

AHRC salutes the swift response of law enforcement teams in San Diego.

AHRC also reminds businesses, civic organizations, and religious institutions to strengthen their own security measures. Safety can never be taken for granted.

PlayReplay Raises $12M in Latest Round, Eyes Middle East Growth

By
Sahfy Sahfy
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PlayReplay, an AI-powered intelligent court system for racquet sports, announced an investment from Alfvén & Didrikson (A&D). Leading this fundraise, A&D invests a total of USD 12 million alongside other investors, including Centre Court Capital, ExM Investment Partners, Charbe Partners, Crimson Sports Capital, and a fund managed by LionTree.

PlayReplay offers real-time electronic line calling (ELC), coaching tools, and analytics, enabling players to access advanced technology previously reserved for the highest professional tier. The technology is transformational, bringing fair play to tennis while making the game more data-driven and interactive. Players and federations worldwide appreciate the solution for its potential to drastically improve the sport and increase participation.

The investment will support PlayReplay’s continued international expansion and the further rollout of its technology across global markets. As part of this growth strategy, the company is also exploring an expansion into the Middle East, with Saudi Arabia, the UAE, Qatar, and Egypt identified as key markets.

To support these efforts, PlayReplay is partnering with Söderhub as its local partner in the Middle East to support investment opportunities and partnerships with regional institutions.

“PlayReplay technology is already proven and making waves in markets such as the US and Canada. We believe the Middle East represents a strong long-term opportunity, where ambition, investment, and appetite for next-generation sports infrastructure are accelerating,” said Magdy Shehata, Founder and CEO of Söderhub.

The investment will also support PlayReplay’s expansion into new sports and the further rollout of its technology across global clubs and federations.

“PlayReplay is one of the fastest-growing companies we’ve invested in, operating in a massive market with more than 250,000 courts in the U.S. alone. Hans, Mattias, and the team have built impressive technology with strong execution, and we’re excited to support them in the next phase of growth,” says Måns Alfvén, Co-founder of Alfvén & Didrikson.

“This investment marks a significant milestone on our roadmap to redefine the tennis experience for every player on the planet. The strong interest from investors serves as proof of our product’s value and the traction we are gaining in the market. We are incredibly grateful for the resources, advice, and practical support that A&D has already provided, and we foresee a tremendously supportive collaboration,” says Hans Lundstam, CEO and Co-founder of PlayReplay.

“Seeing the technology we’ve built make a real difference for players, coaches, and federations is what drives us. This investment gives us the opportunity to bring that to many more courts and sports worldwide,” adds Mattias Hanqvist, CPO and Co-founder of PlayReplay.

CARTOON NETWORK INTRODUCES INTERNATIONAL AUDIENCES TO ADVENTURE TIME: SIDE QUESTS

By
Sahfy Sahfy
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Cartoon Network has announced the international premiere date of its brand-new animated series, Adventure Time: Side Quests, produced by Cartoon Network Studios, launching on linear channels on Monday 5 October. 

 A companion to the beloved original, Emmy®, Peabody, and Annie Award-winning series Adventure Time, the new series follows young hero Finn and his magical dog best friend Jake as they embark on adventures across the fantastical land of Ooo — partying with cloud people and pushing the evil away along the way.

One of Cartoon Network’s most beloved and imaginative franchises, Adventure Time captivated audiences with its heartfelt storytelling, playful humour, and richly creative world. Adventure Time: Side Quests builds on the spirit of the early seasons, delivering lighter, self-contained adventures. Designed to introduce a new generation of fans to the land of Ooo, whilst giving existing fans more of what they love. The series brings standalone, silly quests and playful challenges – celebrating the joyful chaos of Finn and Jake’s adventures.

Adventure Time: Side Quests is executive produced by Nate Cash – who is the Showrunner, with Darrick Bachman serving as Story Editor.  Victor Courtright and Niki Yang direct, Nick Cross is the Art Director, and Matthew Janszen is the Composer.  Finn the Human is voiced by Sasha Knight and John DiMaggio returns as the voice of Jake the Dog. The series will also reunite fan-favourite characters including Ice King (Tom Kenny), Princess Bubblegum (Hynden Walch), Marceline (Olivia Olson), and BMO (Niki Yang).

Warner Bros. Discovery GM, International Kids, Animation and Franchise Vanessa Brookman said: “With its wit, originality and unpredictability, Adventure Time has always been quintessential Cartoon Network.  In Side Quests, Nate and the team have crafted the perfect entry point for new audiences discovering the Land of Ooo for the first time, while offering a heartfelt love letter to fans who have been on the extraordinary journey from the very beginning.” 

Showrunner and Executive Producer, Nate Cash said: “Making Side Quests felt like making the original Adventure Time, which felt like hanging out with art school buddies making professional cartoons. That sounds like a big sandwich of feelings, and it was! You’re going to love these NEW adventures with Finn & Jake!”

Adventure Time: Side Quests will premiere internationally, on Cartoon Network on Monday 5 October. The series will premiere on Hulu only in the United States on June 29.

SAB Invest the First Market Maker for ETFs on the Saudi Exchange

By
Sahfy Sahfy
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SAB Invest, the investment arm of Saudi Awwal Bank (SAB), today announced its official registration by the Saudi Exchange (Tadawul) as the first ETF market maker in the Kingdom. This landmark achievement marks a new era for Saudi Arabia’s capital market, supporting Vision 2030’s Financial Sector Development Program and delivering tangible benefits to investors through improved ETF trading efficiency.

As the first entity to be registered under Tadawul’s ETF market making framework, SAB Invest will provide continuous two-way quotes for the SAB Invest Saudi Quant ETF (Ticker: 9402) – Saudi Arabia’s first quantitatively driven, Shariah-compliant exchange-traded fund.

This role is designed to deliver better liquidity, tighter bid-ask spreads, and enhanced pricing efficiency, empowering investors with greater confidence and flexibility in accessing the Saudi equity market.

Ali Almansour, Chief Executive Officer of SAB Invest, said: “Our registration as the first ETF market maker on Tadawul is a defining milestone for SAB Invest and for the Kingdom’s capital markets. By enabling more efficient and transparent ETF trading, we are empowering investors and supporting the evolution of Saudi Arabia as a global financial hub. This achievement reflects our commitment to innovation, robust governance, and the long-term development of the financial sector in line with Vision 2030.”

Majed AlQahtani, Chief Brokerage Officer of SAB Invest, added: “This achievement underscores the leadership of SAB Invest in developing the market, shaping the future of trading, and deepening the capital market. Our role as the first market maker for exchange-traded funds – particularly the SAB Invest Saudi Quant ETF extends beyond providing liquidity and enhancing trading efficiency to offering innovative investment solutions that keep pace with the rapid evolution of the Saudi capital market and directly contribute to attracting and expanding the investor base.”

The SAB Invest Saudi Quant ETF offers investors access to a rules-based, systematic investment strategy on Tadawul, expanding the range of innovative, Shariah-compliant solutions available in the Kingdom.

SAB Invest’s market-making role is expected to set a new benchmark for ETF market development, supporting Tadawul’s ambition to deepen liquidity and attract both domestic and international investors.

This milestone is fully aligned with Saudi Vision 2030’s ambition to diversify the economy, deepen the financial sector, and position the Kingdom as a leading global investment destination. By advancing ETF market making, SAB Invest is contributing to a more dynamic, transparent, and accessible capital market ecosystem for all stakeholders.

SAB Invest is the dedicated investment arm of Saudi Awwal Bank (SAB), established on 1 January 2008 as a 100% owned investment subsidiary. Operating as a One Person Closed Joint Stock Company with fully paid-in capital of SAR 840,000,000 (CR No. 1010242378), SAB Invest is licensed by the Saudi Arabian Capital Market Authority (CMA Licence No.: 07077-37, issued 22 July 2007) to carry out securities business, including dealing, managing, arranging, advisory, and custody. SAB Invest manages SAR 37.5 billion in assets and generated SAR 564.6 million in revenue during 2025.

Valmore Holding Reports Net Profit Growth in Q1 2026, Delivering Strong Earnings and Portfolio Resilience Amid Regional Market Disruption

By
شمس سيف
-
Valmore Holding Reports Net Profit Growth in Q1 2026, Delivering Strong Earnings and Portfolio Resilience Amid Regional Market Disruption
Valmore Holding Reports Net Profit Growth in Q1 2026, Delivering Strong Earnings and Portfolio Resilience Amid Regional Market Disruption

MENA’s leading diversified investment holding company delivers net profit from continued operations of USD41.6mn in Q1’26, up 15% y-o-y, and hard-currency revenues standing at 52% of Group total. AlexFert delivers exceptional performance on global urea pricing strength; while NatEnergy delivers the highest quarterly connections across the last ten quarters; and Sprea demonstrates sequential margin expansion despite Gulf export disruption

Valmore Holding Company S.A.E. (VLMR.CA and VLMRA.CA on the Egyptian Exchange; VALMORE.KW on Boursa Kuwait), one of the MENA region’s leading diversified investment holding companies, today reported its consolidated financial results for the quarter ended 31 March 2026.

Valmore delivered a strong first quarter, reporting Group revenue of USD166mn, broadly stable y-o-y, and EBITDA of USD79.6mn, up 10% y-o-y, with EBITDA margin expanding 5pp y-o-y to 48%. Group net profit from continued operations grew 15% y-o-y to USD41.6mn, providing a clean read on the continuing portfolio’s operational earnings delivery. Attributable net profit reached USD34.3mn, up 0.5% y-o-y, despite a USD2.1mn non-recurring gain boosting Q1’25’s comparative figure.

This strong results set was delivered against a backdrop of significant regional market disruption, demonstrating the structural value of Valmore’s diversified, high-quality investment portfolio. Valmore generated hard-currency revenues of USD87.0mn in Q1’26, making up 52% of consolidated revenues.

Loay Jassim Al-Kharafi, Chairman of Valmore Holding, commented on the Group’s performance and outlook:

The first quarter of 2026 tested the adaptability of businesses across our region, and Valmore’s portfolio once again demonstrated the resilience, diversification, and structural strength that together underpin our long-term investment philosophy.

This outcome is a reflection of our ongoing evolution into a globally oriented investment platform. Our continued focus on businesses with structural earnings advantages, strong market positioning and long-term revenue visibility enabled the portfolio to deliver robust underlying performance, even as certain segments and markets faced disruptive pressures.

In navigating an increasingly dynamic environment, the Board remains firmly committed to the active capital stewardship that has delivered nearly USD1bn in cumulative dividends to our shareholders since inception as we continue to execute on our strategic agenda and deliver sustainable returns to our shareholders.

Jon Rokk, CEO of Valmore Holding, added regarding the Group’s Q1’26 financial results:

Valmore delivered a strong start to 2026, with our core hard-currency-generating platforms performing exceptionally and our utilities businesses continuing to scale their recurring revenue base.

Regional geopolitical developments had a mixed impact across our portfolio. While the disruption to established trade routes and slower industrial activity in key export markets created challenges for some of our businesses, these same conditions also supported stronger global urea pricing and opened up new commercial opportunities in alternative markets. We responded proactively and readily by reallocating commercial efforts to capture these opportunities, underscoring the resilience and adaptability of our diversified platform.

As we progress through 2026, our focus remains on disciplined operational execution across the portfolio, active capital recycling, along with strengthening governance, organisational depth, and institutional framework to support Valmore’s evolution into a more globally oriented investment group.

Thndr clarifies how investor money is protected and reaffirms its role in expanding access to regulated investing in Egypt

By
Sahfy Sahfy
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Following Ahmad Hammouda’s appearance with Amr Adib, Thndr is reaffirming its commitment to investor protection, transparency, and financial inclusion, while clarifying the role it plays in helping Egyptians access regulated investment products.

During the interview, Hammouda emphasized that Thndr’s mission is not defined by corporate milestones alone, but by the growing number of Egyptians who are using regulated investment products to build wealth. He pointed to the story of a man working with Hisham Ezz Al Arab who took his bonus and invested it through Thndr, describing it as a powerful example of financial inclusion in action.

“Last week, Thndr was recognized by the Financial Times as the fastest-growing company in Africa. But if you ask me what I am most proud of, it is the story of the man who works with Hisham Ezz Al Arab, who took his bonus and invested it through Thndr. That is financial inclusion,” Hammouda said.

Hammouda then addressed how Thndr operates and how investor money is protected on the platform. He explained that Thndr is a licensed investment company regulated by the Financial Regulatory Authority, and that its role is to connect investors to regulated investment products and market instruments — not to lend investor money or operate as a financing company.

“Thndr is not a financing company. Thndr is an investment company. Our role is to help people invest through regulated products and market instruments,” Hammouda said.

A key point Hammouda clarified was that Thndr acts as a licensed intermediary and technology infrastructure layer. When an investor buys shares, they are registered as a shareholder. When an investor enters a fund, they are registered as a unit holder in that fund. Uninvested cash is held in segregated investor accounts at regulated banks, separate from Thndr’s own funds.

“Thndr does not take investor money and decide how to use it. When an investor buys shares, their name is registered as a shareholder. When they invest in a fund, their name is registered as a unit holder,” Hammouda said.

He added that investor cash held on the platform is kept in separate accounts at banks and is not mixed with Thndr’s own money.

Addressing investment products available on the platform, including Thndr Clouds, Hammouda explained that money market funds primarily invest in government debt instruments, including Treasury Bills issued by the Ministry of Finance. He noted that these instruments are among the most established investment products in Egypt, and that banks themselves invest a significant portion of their funds in similar instruments.

“These funds invest primarily in government debt instruments, including Treasury Bills. This is one of the most established investment instruments in Egypt,” Hammouda said.

Hammouda also emphasized that money market funds are not new to Egypt. What Thndr has done is make access to these regulated products simpler, more digital, and more inclusive for a broader base of Egyptians.

“Money market funds are not new. What Thndr did was make access to them easier and more accessible to more Egyptians,” he said.

Hammouda also noted Thndr’s growing role in bringing new investors into the Egyptian market. More than 200,000 trades were executed on the Egyptian Exchange through Thndr last month, with over EGP 56 billion in traded value. He added that 80% of Thndr investors are investing for the first time through the platform, more than 50% are from outside Cairo and Alexandria, and the average investor age is between 30 and 32.

“Our goal is for Egyptians to become investors. We want people to be able to set aside part of their income and invest it in companies, funds, gold, and other assets that help them build wealth and support the economy,” Hammouda said.

Thndr remains committed to operating under the supervision of the Financial Regulatory Authority, upholding strong standards of investor protection and transparency, and expanding access to regulated investment opportunities for Egyptians.

Click here to watch the full segment featuring Thndr Co-Founder & CEO Ahmad Hammouda on Amr Adib’s show.

ITFC Signs US$1.5 Billion 2026 Annual Program with Egypt to Support Food Security, Energy Supply, SMEs, and Export Development

By
شمس سيف
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ITFC Signs US$1.5 Billion 2026 Annual Program with Egypt to Support Food Security, Energy Supply, SMEs, and Export Development
ITFC Signs US$1.5 Billion 2026 Annual Program with Egypt to Support Food Security, Energy Supply, SMEs, and Export Development

The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group (IsDB), signed its 2026 Annual Program for the Arab Republic of Egypt, valued at US$1.5 billion, reaffirming its long-standing partnership with the Government of Egypt and its commitment to supporting the country’s economic development priorities.

The Program falls under the five-year US$6 billion Framework Agreement between ITFC and Egypt and is designed to support strategic sectors, including energy, food commodities, private sector development, SMEs, and export capacity building.

The signing ceremony was held in the presence of senior Egyptian Government officials, including H.E. Mr. Ahmed Rostom, Minister of Planning and Economic Development (Governor of IsDB Group), H.E. Dr. Mohamed Farid Saleh, Minister of Investment and Foreign Trade, H.E. Eng. Karim Badawi, Minister of Petroleum and Mineral Resources and H.E. Dr. Sharif Farouk, Minister of Supply and Internal Trading. The Program was signed by Eng. Adeeb Yousuf Al-Aama, CEO of ITFC; Mr. Mostafa Ismail Abdel Karim, Vice Chairman of the General Authority for Supply Commodities (GASC); and Ms. Amal Tantawy, Deputy Executive President for Financial and Economic Affairs at the Egyptian General Petroleum Corporation (EGPC).

Under the 2026 Annual Program, ITFC will provide trade finance solutions to support the procurement of strategic commodities for EGPC and GASC. The Program will also include extending lines of financing through local Egyptian banks to support the private sector, with a particular focus on small and medium-sized enterprises.

Beyond financing, the Program includes integrated trade solutions, technical assistance, and capacity-building initiatives developed in coordination with the Ministry of Planning, Economic Development and International Cooperation. It will also support digital trade advancement through a dedicated workshop in Egypt, in line with national efforts to modernize trade systems and enhance competitiveness.

The Program further includes trade development initiatives under the Arab-Africa Trade Bridges (AATB) Program, including the design and launch of a country-specific program for Egypt for 2026–2027, as well as projects under the second phase of the Aid for Trade Initiative for Arab States (AfTIAS 2.0).

During the ceremony, ITFC also announced the launch of the second phase of the “Step Toward Export” training program in cooperation with the Foreign Trade Training Center (FTTC). Building on the success of the first phase, which benefited 400 SMEs, the new phase aims to train 600 exporters, entrepreneurs, and SME owners over two years. It will also enable 100 participants to obtain an internationally accredited diploma in International Trade, issued jointly by FTTC and the Forum for International Trade Training in Canada.

Eng. Adeeb Y. Al-Aama, CEO of ITFC, expressed appreciation for the continued support extended by the Government of Egypt to ITFC and commended Egypt’s ongoing economic reform efforts. He reaffirmed ITFC’s commitment to supporting Egypt’s national development priorities, noting that total ITFC approvals for Egypt since 2008 have exceeded US$24.8 billion, directed primarily toward energy, food security, and private sector support.

“Egypt remains one of ITFC’s key strategic partners. Through this Annual Work Program, we continue to provide tailored trade finance and trade development solutions that support critical sectors, strengthen private sector participation, and contribute to sustainable and inclusive economic growth,” Eng. Al-Aama said.

Thndr Ranks #1 as Africa’s Fastest-Growing Companies 2026, Becoming the First Egyptian Company to Lead the Statista & Financial Times Ranking

By
شمس سيف
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Thndr Ranks #1 as Africa's Fastest-Growing Companies 2026, Becoming the First Egyptian Company to Lead the Statista & Financial Times Ranking
Thndr Ranks #1 as Africa's Fastest-Growing Companies 2026, Becoming the First Egyptian Company to Lead the Statista & Financial Times Ranking

Thndr, Egypt’s leading retail investment platform, has ranked #1 on the Financial Times Africa’s Fastest-Growing Companies 2026, becoming the first Egyptian company in the ranking’s five-year history to claim the top spot.

Compiled by the Financial Times in partnership with Statista, the ranking identifies Africa’s fastest-growing businesses, evaluated across three metrics: absolute revenue growth, compound annual growth rate (CAGR), and employee growth between 2021 and 2024. Thndr ranked the first, ahead of companies from South Africa, Kenya, Nigeria, and across the continent.

Since launch, Thndr has now grown to over 5.5 million downloads, with over 75-80% of users investing for the first time. The company has also maintained its position as Egypt’s #1 retail investing platform for three consecutive years.

As one of the first fully digital onboarded investment platforms in Egypt, Thndr is now becoming the primary investment account for everyday individuals, offering stocks, gold, savings products, fixed income, and investment funds directly from their phones through a simplified, education-driven experience.

Thndr now accounts for around 18% of EGX equity trading value and 40% of EGX total order volume, processing more than 200,000 trades per day, up from 50,000 a year ago. The platform’s reach extends well beyond Egypt’s major cities, with more than 40% of users based outside Cairo and Alexandria. The average user is around 30 years old, and 12% of users are female.

The recognition comes as Thndr continues its regional expansion, following its launch in Abu Dhabi in 2025 as the first remote broker on ADX and its recent plan to expand to Saudi Arabia. 

At a time when only around 0.5% of Egyptians invest, Thndr’s long-term mission remains focused on making investing more accessible and helping build a more financially empowered generation across the Arab world.

ADNOC Distribution delivers 21% net profit growth in Q1 2026, reflecting strength and resilience

By
Sahfy Sahfy
-
ADNOC Distribution delivers 21% net profit growth in Q1 2026, reflecting strength and resilience
ADNOC Distribution delivers 21% net profit growth in Q1 2026, reflecting strength and resilience

ADNOC Distribution (ISIN: AEA006101017) (ADX: ADNOCDIST), the leading mobility and convenience retailer in the UAE, reported strong financial and operational performance in the first quarter ended 31 March 2026, with record Q1 EBITDA at $307 million (+11.7% year-on-year; YoY) and net profit at $210 million (+20.7% YoY).

Q1 performance was supported by fuel volume growth, stronger commercial business, higher contribution from non-fuel retail (NFR) and international activities, reflecting ADNOC Distribution’s structural resilience, driven by its diversification across its three customer locations: the UAE, Saudi Arabia and Egypt. Reflecting sustained investments over time, the company has expanded its business platforms across fuel retail, commercial segments, lubricants, convenience and car services, with retail accounting for 70% of volumes and commercial 30%.

ادنوك

Eng. Bader Saeed Al Lamki, Chief Executive Officer of ADNOC Distribution, said: “ADNOC Distribution started 2026 with strong momentum, delivering 21% net profit growth in the first quarter despite the dynamic operating environment. Our expanding network and increasing contribution from the NFR business validate our strategy and reinforce our position as a leading international mobility and convenience retailer. With strong cash generation and a robust balance sheet underpinning our resilience, we are well positioned to deliver sustained value while providing reliable access to energy and customer convenience for daily life and economic activity across the communities we serve. We expect our strong momentum to continue for the remainder of 2026, supported by our diversified business model.”

ADNOC Distribution added 22 new service stations in the first quarter, expanding its total network to 1,032 sites, and remains firmly on track to deliver its targeted 60–70 new stations this year. The Company’s fuel volumes reached a first-quarter record of 3.82 billion liters (+2.4% YoY).

The NFR business remained a key growth driver in Q1, generating gross profit growth of 10% YoY supported by higher customer footfall, improved conversion rates, enhanced property management and convenience offerings. This performance supports the Company’s strategy to accelerate non-fuel growth, targeting a doubling of NFR transactions by 2030 compared to 2023 levels.

As ADNOC Distribution continues to shape its strategy for the future of mobility, the Company unveiled its roadmap this January to electrify eight key UAE highways by the end of 2027, strengthening its efforts to future-proof its growth. This included the inauguration of the region’s largest superfast EV charging site, comprising 60 high-speed charging points, on the E11 highway between Abu Dhabi and Dubai.

The Company is also on track to open five additional locations of The Hub by ADNOC in 2026. The Hub by ADNOC offers a retail footprint three times larger than traditional service stations. ADNOC Distribution expects to operate 30 locations of The Hub by ADNOC with an anticipated EBITDA contribution of $30 million by 2030. The Hub by ADNOC strengthens ADNOC Distribution’s property management business, which was its fastest‑growing NFR vertical in Q1 driven by strong occupancy, new quick-service restaurant openings including leading international and homegrown brands, and a continued shift towards higher yielding food & beverage and car services properties.

With a continued focus on delivering innovative, customer-centric retail experiences at scale, ADNOC Distribution is also advancing artificial intelligence (AI) innovation. The Company has more than 20 AI-enabled initiatives across its value chain, including fuel demand forecasting, supply chain optimization, and personalized customer engagement through the ADNOC Rewards loyalty program, which expanded to over 2.69 million members (+14.2% YoY) in Q1 2026.

At the Make it in the Emirates Forum 2026, the Company announced the signing of a strategic agreement with DTEK.ai to roll out SWIFT, a pioneering AI-powered self-checkout solution, at Oasis by ADNOC convenience stores across the UAE, expected to reduce average checkout times by over 60%. During the event, ADNOC Distribution also reinforced its commitment to championing local manufacturing, entering agreements to deliver its high-performance, locally made lubrication solutions to Emirates Global Aluminium (EGA) and Borouge.

SHAREHOLDER RETURNS

ADNOC Distribution’s Board of Directors approved its first quarterly dividend of 2026, marking the introduction of quarterly distributions, at 5.14 fils per share, to be paid in June 2026. The Company’s dividend policy – which was extended through 2030 following shareholder approval at its Annual General Assembly Meeting in March – provides for financial year returns of $700 million per annum or a minimum of 75% of net profit, whichever is higher. The extension offers five-year payback visibility and dividend upside from future earnings growth.

Financial Highlights:

(USD Millions) Q1 2026 Q1 2025 YoY % Change
Gross Profit 496 440 12.7%
EBITDA 307 275 11.7%
Underlying EBITDA 305 246 24.0%
Net Profit 210 174 20.7%

Key Dates:

Last Entitlement Date May 20, 2026
Ex-Dividend Date May 21, 2026
Record Date May 22, 2026
Payment Date June 9, 2026

 

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