The approved dividend is equivalent to 6.6fils per share and takes the total dividend since IPO to $2.42 billion
ADNOC
Abu Dhabi
ADNOC Distribution approves interim dividend of $350mn
Since its IPO in 2017, the company has distributed $4.4 billion in dividends; Record date for dividends in September 30
Abu Dhabi National Oil Company
ADNOC to acquire 35% stake in Exxon’s low-carbon hydrogen project
The planned project in Baytown, Texas, will be world’s largest and produce 900,000 tons of low-carbon hydrogen and over 1 million tons of low-carbon ammonia
Abu Dhabi
Borouge shareholders approve $650 million interim dividend
Dividend equates to 7.94 fils per share for first half of 2024; Last date of purchase is 5 Sep and record date set for 9 Sep
Abu Dhabi
ADNOC Group’s listed portfolio companies post combined AED89 bn revenues in H1 2024
The six listed companies of the group reported a cumulative whopping AED16 billion net profit in the first half of this year
Abu Dhabi
UAE summer 2024: Abu Dhabi Police, ADNOC offer free vehicle inspections
The service will be available at 12 ADNOC Distribution service and vehicle inspection centres across Abu Dhabi
Abu Dhabi
ADNOC L&S awards contracts for world’s largest ethane ammonia carriers
Jiangnan Shipyard to build up to 13 new vessels, including nine Very Large Ethane Carriers, with delivery from 2025 for a total value of $1.9 billion
ADNOC
UAE jobs: ADNOC and Nafis to create 13,500 new private sector roles
ADNOC and the Emirati Talent Competitiveness Council sign agreement to create 13,500 new private sector jobs
Abu Dhabi
Fertiglobe wins bid to supply renewable ammonia to European Union
The total contract value, at a delivered price of $1,086 per ton, will potentially be $431.5 million to supply 397,000 tons by 2033
ADNOC
ADNOC signs $3bn green finance facility with Japan Bank for International Cooperation
ADNOC and JBIC agree $3bn green financing facility
5G
e& to build 11,000sqkm private 5G wireless network for ADNOC
The 5G network will connect 12,000 wells to autonomous control rooms and help integrate advanced AI solutions in most remote locations
ADNOC
ADNOC awards $5.5bn contract for Ruwais gas project in the UAE
ADNOC strides ahead on clean power goals with $5.5bn contract for Ruwais LNG project
ADNOC
ADNOC Logistics takes 80% stake in Navig8 for $1.04bn
ADNOC takes over shipping pool operator Navig8 for over $1bn
ADNOC
ADNOC to boost UAE manufacturing to $24.5bn by 2030
ADNOC supports UAE manufacturing with boost to In-Country Value programme
Abu Dhabi
Institutional investors lap up additional 880 million ADNOC Drilling shares
ADNOC offered 880 million shares, priced at AED3.90 – nearly 70% above the IPO price of AED2.30 per share
Abu Dhabi
ADNOC offers further 880 million shares of ADNOC Drilling
Open only to Professional Investors; a higher free float is expected to provide a pathway towards inclusion in the MSCI Emerging Market Index
Abu Dhabi
Own-produced sales propel Fertiglobe’s Q1 revenue to $552 million
Cost optimisation and AI technology to help realise at least $100 million in incremental annual adjusted EBITDA by end of 2025