ADNOC has announced a plan to distribute AED 158 billion ($43 billion) in dividends across its six publicly listed companies by 2030, subject to customary approvals. This target is nearly double the total dividends paid since the first Initial Public Offering (IPO) in 2017. ADNOC’s listed companies now represent more than AED 550 billion ($150 billion) of market capitalization and account for almost 40% of the annual dividends paid on the Abu Dhabi Securities Exchange (ADX) in 2024.
The announcement was made at ADNOC’s inaugural Investor Majlis event held at the Abu Dhabi Energy Center. During the event, it was also confirmed that ADNOC Distribution, ADNOC Gas, and ADNOC Logistics & Services (L&S) will join ADNOC Drilling in distributing dividends on a quarterly basis, increasing payment frequency to investors.
His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO, stated: “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 also said: “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.”
The six listed companies are:
– ADNOC Distribution: The largest fuel retailer in the UAE with a significant share of daily customers. The company aims to extend its dividend policy through FY 2030, targeting cumulative returns exceeding 30% between 2025 and 2030. Its station network guidance has been upgraded to reach 1,150 stations by 2028.
– ADNOC Drilling: Operating nearly 150 rigs globally, it has increased its progressive dividend policy distribution floor by 27% year-on-year for 2025. It plans a minimum cumulative dividend return of 26% by 2030.
– ADNOC Gas: The world’s largest listed pure play gas company by capacity announced a dividend target of AED90 billion ($24.4 billion) through to 2030.
– ADNOC L&S: Announced an increase in minimum dividend payment guidance for FY2025 and intends further annual increases until at least 2030.
– Borouge: Maintains its dividend floor through at least 2030 with plans for continued share buybacks. The proposed creation of Borouge Group International (BGI), set for completion in Q1 2026, would make it one of the world’s largest polyolefins producers.
– Fertiglobe: Announced increased dividends for H1 and H2 2025 alongside cost savings initiatives expected to result in higher earnings per share.
ADNOC highlighted how artificial intelligence (AI) is being integrated across operations to improve productivity. For example, predictive maintenance systems have reduced unplanned shutdowns by half while AI solutions are optimizing logistics management.
The Investor Majlis brought together around 500 stakeholders who engaged directly with senior leadership from across all six listed companies. The event provided insights into shareholder value creation strategies throughout ADNOC’s energy value chain.
