Adnoc has announced a target to distribute AED158 billion ($43 billion) in dividends across its six publicly listed companies through to 2030, subject to customary approvals, in addition to the AED86 billion ($23 billion) already paid since the first company Initial Public Offering (IPO) in 2017.

Adnoc’s six listed companies represent more than AED550 billion ($150 billion) of the market cap and nearly 40 per cent of the annual dividends paid on the ADX.

The announcement was made at Adnoc’s inaugural Investor Majlis in Abu Dhabi, where it was also confirmed that Adnoc Distribution, Adnoc Gas and Adnoc Logistics & Services (L&S) will be joining Adnoc Drilling in distributing dividends on a quarterly basis, giving more frequent payments to investors.

Combined with ongoing execution of the companies’ growth plans and focus on artificial intelligence (AI) and digital transformation, Adnoc remains a major driver of the UAE economy.

Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and Adnoc Managing Director and Group CEO, said: “In line with the vision of the UAE leadership, Adnoc is providing opportunities for citizens, residents and partners to create and enhance value that contributes to the growth of the national economy. Guided by our Board of Directors, Adnoc continues to transparently engage with investors as we reinforce the strong foundations and pillars of our listed companies. By implementing the highest standards of governance and financial discipline, further empowering our people, and investing in advanced technology and AI, we will ensure Adnoc’s long-term growth and resilience.”

Dr Al Jaber highlighted how the listed companies are creating reliable and sustainable long-term value.

He added: “Our target to distribute AED158 billion ($43 billion) in dividends is a landmark step that gives investors and shareholders clear visibility of dividend distributions through 2030. In doing so, we are reaffirming our confidence and steadfast commitment to delivering long-term value, reducing costs, enhancing efficiency and accelerating growth.”

Adnoc companies are leading the way in their respective sectors:

• Adnoc Distribution is the largest fuel and convenience retailer in the UAE, with a 64 per cent share of the retail fuel market, serving 700,000 customers daily. The company has nearly 940 stations across the UAE, Saudi Arabia and Egypt, and has delivered 70 per cent EBITDA growth since its IPO.

• Adnoc Drilling is the most valuable and fastest growing integrated drilling company globally, operating nearly 150 rigs across onshore, offshore, and island environments to power Adnoc and regional upstream growth.

• Adnoc Gas is the world’s largest listed pure play gas company by capacity and the largest dividend payer on the ADX.

• Adnoc L&S is the world’s second-largest energy maritime logistics company and fastest-growing globally, with fleet growth of 130 per cent to 340 vessels and 143 per cent net-income CAGR since 2021.

• Borouge is the most profitable polyolefins company globally, achieving 40 per cent EBITDA margin – three times the industry average – supported by quality-related premium pricing and the lowest operating costs in the sector.

• Fertiglobe is the world’s largest seaborne exporter of ammonia and urea, whose products support the food security of 4 billion people – half the world’s population.

As part of its strategy to boost upstream capacity, unlock conventional resources, more than double domestic chemicals and LNG capacity, raise gas processing capacity by 30 per cent, and satisfy strong regional growth in fuel demand, Adnoc’s listed companies offer a unique combination of growth and resilience.

The implementation of AI and advanced technology across Adnoc’s business is further driving efficiency, unlocking growth and strengthening productivity.

For example, Neuron 5, Adnoc’s flagship predictive maintenance system, has cut unplanned shutdowns by 50 per cent, translating into higher utilisation, steadier cash flow, and stronger margins.

ENERGYai, the world’s first agentic AI solution, is accelerating field appraisal and development timelines.

Faster exploration means lower costs, quicker time-to-first oil, and a structural advantage in resource development, stated Adnoc. -OGN/ TradeArabia News Service