ADNOC listed companies intend to distribute record profits worth 158 billion dirhams

ADNOC announced the intention of its six listed companies to provide dividends worth 158 billion dirhams ($43 billion) until 2030, after obtaining the relevant regulatory approvals, noting that the total value of dividends distributed since the initial public offering of shares of the first company listed in 2017 until now amounts to 86 billion dirhams ($23 billion), and that the market value of the six ADNOC companies. Listed on the Abu Dhabi Securities Market, it exceeded 550 billion dirhams ($150 billion), and also provided up to 40% of the total annual dividends in the market (according to data for the fiscal year 2024).

“ADNOC” stated in a statement that this came during the first investor council organized by “ADNOC”, which was held in Abu Dhabi today, and also witnessed the announcement that the companies “ADNOC Distribution”, “ADNOC Gas”, and “ADNOC Logistics and Services” will distribute profits on a quarterly basis, noting that “ADNOC Drilling” has already begun distributing its profits on a quarterly basis, which enhances Providing liquidity to investors and ensuring that returns are provided to shareholders in shorter periods.

During the council, ADNOC confirmed its continued focus on being one of the largest contributors to driving the growth of the national economy, in conjunction with its continued support for the growth plans of its listed companies and the integration of artificial intelligence and digital transformation solutions and tools into its business.

On this occasion, the Minister of Industry and Advanced Technology, Managing Director and CEO of ADNOC and its group of companies, Dr. Sultan Ahmed Al Jaber, said: “In line with the vision and directives of the wise leadership, ADNOC focuses on providing opportunities for citizens, residents and partners to create and enhance value in a way that contributes to the growth of the national economy, and based on the strategic directives of our Board of Directors, it continues (ADNOC) in enhancing its communication with investors in all of our listed companies, and working to achieve more joint achievements and successes in the future based on a clear and transparent business approach based on the strong foundations and pillars of our companies, applying the highest standards of governance, transparency and financial discipline, and empowering and continuous development of our human cadres to hone their competencies and prepare them for the future, growth, flexibility and the ability to adapt and ensure Keeping our business aligned for the future.”

He added: “During the first investor council, we highlighted the focus of our listed companies on creating reliable and sustainable value in the long term and integrating advanced technology and artificial intelligence solutions and tools into their operations with the aim of reducing costs, raising efficiency and productivity, accelerating the pace of growth, and improving financial performance. Today’s announcement of our plans to distribute profits worth 158 billion dirhams ($43 billion) is an important step.” It provides investors and shareholders with a clear view of dividends until 2030, and underscores our confidence and firm commitment to achieving long-term value.”

The listed ADNOC companies are distinguished by their leading positions, each in their field of work, as ADNOC Distribution is the largest fuel distribution and retail company in the UAE and provides its services to 700,000 customers daily through up to 940 stations throughout the country, the Kingdom of Saudi Arabia and Egypt. Its market share of fuel sales reaches 64% and it has achieved growth in profits before deducting interest and taxes. Depreciation and amortization has increased by 70% since its listing.

ADNOC Drilling is the most valuable and fastest-growing integrated drilling company in the world, operating nearly 150 drilling rigs onshore and offshore to support the growth of ADNOC and the region in the exploration, development and production sector.

ADNOC Gas is also the largest listed gas company in terms of production capacity in the world, and the highest in terms of dividend distribution on the Abu Dhabi Stock Exchange.

ADNOC Logistics and Services is the second largest company in the field of maritime logistics services for the energy sector and the fastest growing in the world, as its fleet witnessed a growth of 130% to reach 340 ships, and the compound annual growth rate of its net income reached 143% since 2021.

Borouge is considered the most profitable company in the field of polyolefin in the world, as it achieved an earnings margin before interest, taxes, depreciation and amortization of 40%, which is equivalent to three times the sector average, based on the highest levels of quality, its competitive prices and its distinction with the lowest operating costs in the sector.

Vertiglobe is also the world’s largest marine exporter of ammonia and urea, and its products contribute to supporting food security for four billion people, representing half of the world’s population.

ADNOC’s listed companies benefit from the integration of growth opportunities and business flexibility within the framework of its strategy aimed at enhancing production capacity in the field of exploration, development and production, making the most of non-traditional resources, doubling the local production capacity for chemicals and liquefied natural gas, raising gas processing capacity by 30%, and contributing to meeting the growth in demand for fuel.

The use of artificial intelligence and advanced technology tools and solutions across ADNOC’s various businesses contributes to raising efficiency, stimulating growth, and enhancing productivity.

Among the technologies and solutions that the company uses is “Neuron 5” technology to determine preventive maintenance procedures, which contributes to reducing unplanned shutdowns by 50%, which enhances the efficiency of operations, stabilizes cash flows, and increases profitability margins.

The “Artificial Intelligence for Future Energy” solution, the first of its kind in the world and based on “Artificial Intelligence Agents” systems, also contributes to accelerating field evaluation and development processes, allowing for cost reductions, reducing the time required to reach primary oil production, and improving resource structuring and development processes.

ADNOC’s focus on becoming the energy company that most benefits from artificial intelligence technologies in the world constitutes a strategic step that contributes to enhancing value across the various areas and stages of its business, to the benefit of its listed companies and shareholders.

It is noteworthy that the “ADNOC Investors Council” was held at the “Abu Dhabi Energy Center” in the presence of more than 500 participants from shareholders and key stakeholders. The event represented a unique opportunity to communicate directly with the executive management teams of ADNOC and its six listed companies, as it focused on reviewing how to create and enhance value for shareholders across all stages and areas of ADNOC’s business in the energy sector, and providing integrated insights into plans and strategies that enhance growth and sustainable returns for the company.