Adnoc L&S shareholders approve $273 million dividend for last year

Adnoc Logistics & Services (Adnoc L&S) announced shareholder approval of all agenda items at its Annual General Meeting (AGM), including a final dividend of $136.5 million (Dhs5OI.5 million), bringing the 2024 full-year dividend to $273 million (Dhsl,OOI million), a 5 per cent increase year-on-year, in line with Adnoc L8S' progressive dividend policy.

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The final dividend, equivalent to 6.78 fils per share, will be paid to shareholders on record as of April 3rd, 2025.

Dr. Sultan Al Jaber, Chairman of Adnoc LS, said, “2024 was a transformative year for Adnoc L8S, marked by accelerated global expansion, record financial performance, and bold strategic moves.

“We continued to strengthen our fleet and completed a pivotal $I.0 billion (Dhs3.7 billion) acquisition of 8O per cent of Navig8, significantly enhancing our global reach and operational capabilities.”

“Our strong performance in 2094 allowed us to deliver outstanding shareholder value, including a 5 per cent increase in our full-year dividend, while advancing sustainability, innovation, and industry leadership.”