ADNOC-Listed Firms to Distribute $43 Billion in Payouts

The state-owned Abu Dhabi National Oil Company (ADNOC) has announced a target to distribute $43 billion in dividends across its six publicly listed companies through to 2030, subject to customary approvals, in addition to the $23 billion already paid since the first company Initial Public Offering (IPO) in 2017.

ADNOC’s six listed companies represent more than $150 billion of the market cap and nearly 40% of the annual dividends paid on the ADX, the company said in a disclosure with Abu Dhabi Securities Exchange (ADX) on Wednesday.

The announcement was made at ADNOC’s inaugural Investor Majlis in Abu Dhabi, held at Abu Dhabi Energy Centre, 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 plans and focus on artificial intelligence (AI) and digital transformation, ADNOC remains a major driver of the UAE economy.

Dr Sultan Ahmed Al Jaber, the UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO, said that in line with the vision of the UAE leadership, ADNOC was providing opportunities for citizens, residents and partners to create and enhance value that contributes to the growth of the national economy.

Guided by the Board of Directors, ADNOC continues to transparently engage with investors, reinforce the strong foundations and pillars of its listed companies. By implementing the highest standards of governance and financial discipline, and investing in advanced technology and AI, the company will ensure ADNOC’s long-term growth and resilience, he said.

The Minister also highlighted how the listed companies were creating reliable and sustainable long-term value.

He added: “Our target to distribute $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-Listed Companies

ADNOC Distribution is the largest fuel and convenience retailer in the UAE, with a 64% 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% 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, while ADNOC L&S is the world’s second-largest energy maritime logistics company and fastest-growing globally, with fleet growth of 130% to 340 vessels and 143% net-income CAGR since 2021.

Borouge is the most profitable polyolefins company globally, achieving 40% 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.

Growth and Resilience

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%, 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%, 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.