Adnoc Distribution Signed MOU With Partner in Saudi, Deputy CEO Says

The video discusses the company's financial performance, highlighting significant growth in EBITDA, net profit, and cash flow. It outlines cost reduction strategies and future plans, emphasizing the importance of continued efforts. The expansion into Saudi Arabia is explored, focusing on partnerships and the business model. Consumer trends in the UAE and Saudi Arabia are analyzed, with a focus on convenience retail. The importance of local partnerships in Saudi Arabia is stressed, aiming for a reasonable market share.

What was the year-on-year increase in EBITDA as mentioned in the transcript?

• 10%

• 32%

• 22%

• 18%

What is the company's approach to cost reduction in 2019?

• Increase in costs

• Similar level of reduction as 2018

• Reduction only in Q1

• No further reductions planned

Why is finding the right partner important for expansion in Saudi Arabia?

• To increase fuel prices

• To avoid international regulations

• To gain local market knowledge

• To reduce costs

What is the company's business model strategy in Saudi Arabia?

• Only company-owned operations

• No operations planned

• Only franchised operations

• A mix of company-owned and franchised operations

What sector presents a significant opportunity in Saudi Arabia according to the transcript?

• Real estate sector

• Fuel sector

• Convenience sector

• Technology sector

How has the partnership with Giant impacted the company's convenience stores?

• Double-digit growth

• No change

• Decreased growth

• Slight decline

What is the consumer trend in the UAE as mentioned in the transcript?

• Stable spending

• Decreased spending

• No spending

• Increased spending