Adnoc listed firms to distribute over $6.7b in annual dividends

At the Annual General Meetings AGM) of all six listed companies, shareholders voted overwhelmingly to approve the dividend proposals brought forth by each companies’ Boards of Directors

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Adnoc Group's publicly traded portfolio companies collectively endorsed over $6.7 billion (Dhs24.6 billion) in annual dividend payments to shareholders for 2024, reflecting their strong financial health and commitment to shareholders value.

At the Annual General Meetings (AGM) of all six listed companies, shareholders voted overwhelmingly to approve the dividend proposals brought forth by each companies' Boards of Directors. Each of the six listed companies prioritize strong returns and value creation for shareholders, while advancing their strategies to deliver profitable growth.

ADNOC DISTRIBUTION: At its AGM on March 26, Adnoc Distribution shareholders approved a final cash dividend of $350 million (Dhsl.3 billion) for the second half of 2024, bringing total annual dividends to $700 million (Dhs2.6 billion), equal to 20.57 fils per share. Since its IPO in 2017, Adnoc Distribution has paid out $4.8 billion (Dhs17.6 billion) in dividends and delivered a 928 total shareholder return as of the end of 2024.

The company is planning capital expenditures of $250-300 million (Dhs917.5 million-1.1 billion) in 2025 while maintaining its dividend policy to distribute to shareholders at least $700 million (Dhs2.6 billion) or 758 of net profit, whichever is higher.