The Abu Dhabi National Oil Company (ADNOC) has announced that its six publicly listed subsidiaries plan to distribute AED158 billion ($43.02 billion) in dividends by 2030. This ambitious target nearly doubles the AED86 billion paid out since 2017, when ADNOC Distribution became the first subsidiary to go public. The move reflects ADNOC’s ongoing efforts to deliver stronger investor returns while accelerating its transformation into a leading global energy and petrochemical powerhouse.
ADNOC continues to attract significant capital by selling stakes in its subsidiaries, allowing it to reinvest in strategic growth areas. The company aims to rank among the world’s top three petrochemical producers and top five gas businesses within the decade. Its international investment arm, XRG, established last year, plays a crucial role in advancing these global expansion goals.
Strengthening Investor Appeal and Dividend Frequency
To further enhance shareholder value, ADNOC announced that ADNOC Distribution, ADNOC Gas, and ADNOC Logistics & Services will now pay dividends quarterly—joining ADNOC Drilling in offering more frequent returns. This shift is expected to increase liquidity and attract long-term investors.
The announcements were made during ADNOC’s first-ever investor presentation dedicated to its listed subsidiaries. The event underscored the company’s commitment to transparency and ongoing engagement with global markets. It also highlighted ADNOC’s broader strategy to balance growth with consistent, sustainable shareholder returns.
Major Projects and Strategic Partnerships
In a parallel development, ADNOC Gas signed a 20-year, AED147 billion ($40 billion) gas supply agreement with Ruwais LNG. The deal will provide feedstock for a new LNG plant scheduled to start operations in 2028. Once complete, the facility will more than double ADNOC’s LNG production capacity, reinforcing its leadership in the global gas market.
ADNOC also confirmed progress on the planned merger between Borouge and Borealis, which will form Borouge Group International (BGI). The new entity is expected to become the fourth-largest polyolefins producer worldwide. Regulatory approvals are underway, and completion is anticipated in the first quarter of 2026. Financing, valued at AED56.6 billion, has been secured from global banks for the merger and related acquisition of Nova Chemicals.
The integration is projected to yield annual synergies of AED1.8 billion, further strengthening ADNOC’s industrial portfolio. Together, these initiatives showcase ADNOC’s growing influence in global energy markets and its steadfast focus on sustainable value creation for investors.
