ADNOC Gas shareholders to get another $1.62b as H2-2023 dividend

  • Date: 01-Apr-2024
  • Source: Gulf News
  • Sector:Oil & Gas
  • Country:UAE
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ADNOC Gas shareholders to get another $1.62b as H2-2023 dividend



"The company saw its share price surge 30 per cent from its listing date in March 2023 to year-end, driving its market capitalization to $65 billion and ranking us among the Top 20 oil and gas companies worldwide," said Dr. Sultan Al Jaber, Chairman. 

"Total shareholder returns, including the annual dividend, reached 35 per cent in 2023. These exceptional achievements in a volatile gas market underscore our ability to deliver robust financial performance and growth throughout the commodity cycle.”

ADNOC Gas confirmed plans to put in a sizeable $13 billion plus into domestic and international 'growth opportunities' in the next five years, as it seeks a 'predictable margin business' that would boost EBITDA by up to 40 per cent.

ADNOC Gas shareholders to get another $1.62b as H2-2023 dividend