ADNOC Sets $43 Billion Dividend Target Through 2030

Abu Dhabi National Oil Company (ADNOC) has unveiled plans to distribute a total of $43 billion (AED 158 billion) in dividends across its six publicly listed subsidiaries by 2030. The announcement underscores ADNOC’s commitment to delivering long-term value to shareholders and supporting the UAE’s economic growth.

Dividend Breakdown by Subsidiary

• ADNOC Gas: The world’s largest listed pure-play gas company aims to pay $24.4 billion in dividends by 2030. The company has secured AED 146.9 billion ($40 billion) in contracts for the Ruwais LNG project, with over 80% of its capacity already committed through long-term agreements.
• ADNOC Drilling: Operating nearly 150 rigs, ADNOC Drilling has set a dividend floor of $6.8 billion by 2030, with its 2025 dividend rising 27% year-on-year to $1 billion.
• ADNOC Distribution: The UAE’s largest fuel retailer has achieved a 70% EBITDA growth since its IPO. Its five-year dividend policy sets an annual payout of $700 million, or a minimum of 75% of net profit, whichever is higher.
• ADNOC Logistics & Services: This rapidly growing maritime services firm projects $2.2 billion in dividends between 2025 and 2030.
• Borouge: Plans to distribute $7.3 billion through 2030, maintaining a payout of 16.2 fils per share in 2025.
• Fertiglobe: Reported total 2025 shareholder returns of $277 million, including dividends, share buybacks, and a 5% annualized yield.

ADNOC’s dividend strategy reflects its broader goal of enhancing shareholder returns and reinforcing investor confidence in the UAE energy sector. The six listed companies together represent more than AED 550 billion ($150 billion) in market capitalization and account for nearly 40% of annual dividends paid on the Abu Dhabi Securities Exchange (ADX).

In addition, ADNOC is advancing key strategic initiatives, including the planned merger of Borouge and Borealis to create Borouge Group International, expected to complete in the first quarter of 2026.

The $43 billion dividend commitment highlights ADNOC’s strong financial position and its focus on delivering sustainable value, supporting the UAE economy, and positioning its subsidiaries for long-term growth.