Adnoc's Plan to Distribute Dh158 Billion in Dividends by 2030: A Message to Our Ummah
Assalamu Alaikum wa Rahmatullahi wa Barakatuh. I wanted to share some exciting news about Adnoc, Abu Dhabi’s state-owned energy company. By the end of this decade, they plan to distribute Dh158 billion (that’s about $43 billion) in dividends across their six publicly listed companies, Insha’Allah. This comes on top of Dh86 billion already paid since 2017 when they first listed shares on the Abu Dhabi Securities Exchange.
Dr Sultan Al Jaber, Adnoc’s managing director and group CEO, who is also our Minister of Industry and Advanced Technology, emphasized that this commitment shows their focus on long-term value, cost reduction, and growth. He mentioned that Adnoc is providing opportunities for citizens, residents, and partners alike to contribute to the growth of our national economy.
Recently, Adnoc held its first Investor Majlis here in Abu Dhabi, with 500 important guests attending. The majlis gave shareholders a chance to meet the senior leadership directly and discuss future plans. It’s a wonderful example of transparency and community involvement.
Four of Adnoc’s units – Adnoc Distribution, Adnoc Gas, Adnoc Logistics and Services, and Adnoc Drilling – will now distribute dividends quarterly, Insha’Allah. These six subsidiaries make up about 40% of the annual dividends paid on the Abu Dhabi exchange, showing their strong role in our economy.
Adnoc also shared some exciting strategic updates. For example, Adnoc Distribution, the largest fuel and convenience retailer in the UAE with nearly 940 stations across the UAE, Saudi Arabia, and Egypt, will extend its dividend policy for two more years. They’ve seen earnings grow 70% since their IPO.
Adnoc Drilling, which runs almost 150 rigs, announced a minimum dividend return of Dh25 billion by 2030 and is advancing its unconventional energy program with promising results.
Adnoc Gas revealed a dividend target of Dh90 billion through 2030 and secured a 20-year gas supply deal worth Dh147 billion with Ruwais LNG, ensuring steady supplies for the UAE’s biggest LNG facility.
Adnoc Logistics and Services aims to increase dividends by 52% by 2030 and signed a 50-year contract with Ta’ziz that’s expected to generate Dh4.8 billion over 27 years.
Additionally, Adnoc is merging some of its petrochemical businesses with OMV to create Borouge Group International, expected to be completed by early 2026. They’ve also agreed to acquire Nova Chemicals, expanding their presence in North America.
This growth and dividend plan reflects Adnoc’s dedication to responsibly harnessing our nation’s oil and gas resources to benefit all. May Allah bless these efforts and continue to bless our country with prosperity and barakah.
Jazakum Allahu Khairan for reading, and may this news bring hope and encouragement to all members of our community.
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