Adnoc-isted firms to distribute AED 158 bn in dividends through 2030: The six Abu Dhabi National Oil Company (Adnoc)-listed subsidiaries — Adnoc Gas, Adnoc Drilling, Adnoc Distribution, Adnoc Logistics & Services (L&S), Fertiglobe, and Borouge — will pay out AED 158 bn (USD 43 bn) in dividends through 2030, nearly doubling the distributions made since the first Adnoc unit IPOed in 2017, according to an ADX disclosure (pdf). The group also confirmed that Adnoc Gas, Distribution, and L&S will shift to quarterly dividend payouts starting next year.

The breakdown:

  • Adnoc Distribution has proposed to extend its dividend policy by two years to 2030, bringing its target up to AED 18 bn, from AED 12.9 bn earlier;
  • Adnoc Drilling is increasing its dividend distribution floor to AED 25 bn by 2030, and 27% y-o-y in 2025 to AED 3.7 bn, with a dividend set to be paid out after Adnoc’s Investors Majlis;
  • Adnoc Gas is now targeting AED 90 bn in dividends through 2030;
  • Adnoc Logistics & Services hiked its target to AED 8.1 bn through 2030, including guidance of a AED 1.2 bn dividend payout this year;
  • Fertiglobe is planning to pay out AED 367 mn in dividends in 2H 2025, after paying AED 459 mn in 1H 2025, representing an annualized yield of 5%.

ALSO- Adnoc Gas signed a 20-year gas supply agreement worth AED 147 bn (USD 40 bn) to secure feedstock supply for its Ruwais LNG project. The facility, which is set to kick off operations in 2028, will double Adnoc’s LNG capacity. The firm has already secured offtake agreements for over 8 mn tonnes per year of LNG from the facility, out of its 9.5 mtpa capacity.

Meanwhile, Adnoc and Austria’s OMV secured AED 56.6 bn (USD 15.4 bn) in financing from international lenders for the planned Borouge-Borealis merger under Borouge Group International, expected to close in 1Q 2026.

Background: Adnoc and OMV announced in July 2023 their plan to merge their plastic units — Borouge and Borealis — in a JV potentially worth some USD 60 bn. Adnoc also currently holds a 25% in the Austrian chemicals firm, which is set to inject some EUR 1.6 bn into the new entity.

The story got ink from Reuters.

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