Companies "ADNOC" The listed company intends to achieve further ambitious and disciplined growth

ABU DHABI, 9 October / WAM / The six ADNOC companies listed on the Abu Dhabi Securities Market announced their intention to distribute record dividends until 2030, and implement new initiatives to create additional value aimed at achieving more ambitious and disciplined growth and enhancing the flexibility of their businesses, and confirming their continued focus on providing lucrative returns to shareholders.

In statements to the Emirates News Agency, WAM, during the first investor council organized by ADNOC, which was held yesterday in Abu Dhabi, the CEOs of the listed ADNOC companies affirmed the companies’ commitment to continuing sustainable growth and enhancing long-term value for their shareholders.

Engineer Badr Saeed Al Lamki, CEO of ADNOC Distribution, said that the company continues to enhance its strong growth momentum and expand its presence in the retail and transportation sectors throughout the country, stressing that the recent announcements reflect clear progress towards achieving the company’s goals for the year 2030.

He added that ADNOC Distribution is working to double non-fuel retail transactions, launch a new retail destination next November, and reach 1,150 stations by 2028, in addition to enhancing customer experience through solutions based on artificial intelligence and expanding the electric charging network, thus enhancing its position in the areas of comfort, mobility and smart energy.

For her part, Fatima Al Nuaimi, CEO of ADNOC Gas, confirmed that the ADNOC Investors Council succeeded in bringing together listed companies and investors in an atmosphere of transparency and constructive dialogue, noting that the company announced the extension of the dividend policy by 5% until 2030, providing investors with profits worth $24.4 billion.

She explained that ADNOC Gas is working on implementing strategic projects worth $20 billion to increase the production capacity of the company’s assets by 30%, with the aim of increasing the EBITDA margin by 40% by 2029.

She added that ADNOC Gas signed an agreement worth 147 billion dirhams ($40 billion) to supply gas to the Ruwais LNG project for a period of 20 years, aiming to secure reliable supplies of this vital resource for the largest liquefied natural gas facility in the UAE.

For his part, Captain Abdul Karim Al Musabi, CEO of ADNOC Logistics and Services, said that the improved dividend policy and the 50-year strategic agreement with “Taziz” Company reflect the strength and flexibility of the company’s business and its ability to seize new growth opportunities.

He pointed out that the company raised the minimum dividend guidance to $325 million for the fiscal year 2025, an increase of approximately 20% compared to last year, with a commitment to an increase of no less than 5% annually until 2030, equivalent to a total dividend of $2.2 billion during the period from 2025 to 2030.

He added that the company signed a historic agreement with “Taziz” to develop the first port in the UAE dedicated to exporting various chemicals, which is scheduled to be completed in the fourth quarter of 2026, and is expected to achieve revenues worth 4.8 billion dirhams during the first 27 years of its operation.

For his part, Abdullah Al Musabi, CEO of ADNOC Drilling, said that the company has adopted a new and improved policy for distributing profits with a total of $6.8 billion until 2030, which strengthens its position as a reliable and high-performance investment option.

He added that ADNOC Drilling continues to achieve strong results supported by artificial intelligence technologies, strategic partnerships and regional expansion, with a focus on transforming into an integrated energy services company that looks to the future, stressing the company’s commitment to establishing new standards in the areas of safety and sustainability and accelerating operational processes.

Ahmed Al-Hoshi, CEO of Vertiglobe, explained that the company announced major steps towards achieving the “2030 Growth Strategy,” which aims to increase profits to more than one billion dollars by 2030, an increase of 60% without any increase in prices compared to 2024.

He said that the company had achieved approximately 25% of its goal, or the equivalent of $91 million, in less than five months, including reducing fixed operational costs by $19 million, which contributed to an additional 9% increase in earnings per share. The company also completed the acquisition of the distribution assets of Wingfu – Australia, which is expected to achieve $23 million in profits by 2030, in addition to expanding production capacity. For diesel exhaust solutions in the UAE and urea for use in the transportation sector in Egypt, which is expected to generate an additional $22 million in profits by 2030.

He stated that the company announced a goal to achieve added value using artificial intelligence in its operations worth $25 million annually in profits by 2030.

He added that the distributions for the first half of 2025 amounted to $125 million and will be disbursed this October, while the company intends to distribute at least an additional $100 million for the second half, bringing the return per share to at least about 5%.

He stressed that since the company’s shares were floated on the financial market four years ago, the total return to shareholders has reached more than $2.8 billion.

Borouge continues to implement the share buyback program that was approved during the annual general assembly meeting in April of this year, which confirms the company’s confidence in the strength of its future growth prospects through its purchase of more than 158 million shares to date and the target total dividend distributions amount to 27 billion dirhams ($7.3 billion), at least until 2030.

ADNOC provided updates on the proposed deals to establish the “Buruj International Group”, confirming that the procedures are proceeding according to the timetable scheduled for completion during the first quarter of 2026, with the majority of the required regulatory approvals being obtained before the deals are completed.

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