For ADNOC Distribution’s Dh1.28b H1-23 interim dividend, October 3 is the cutoff date

For ADNOC Distribution’s Dh1.28b H1-23 interim dividend, October 3 is the cutoff date

ADNOC Distribution has been flying the flag beyond the UAE with major expansions in Egypt to follow up that already well underway in Saudi Arabia.

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Dubai: October 3 has been set as the qualifying date for shareholders to get a piece of the Dh1.28 billion interim dividend being issued by ADNOC Distribution. Based on this, the full-year 2023 ‘minimum’ dividend of Dh2.57 billion represents a 5.4 per cent dividend (based on the ADNOC entity’s stock price of Dh3.80 on September 25).



This year’s first-half results provided much cheer to the UAE’s listed companies and shareholders. More so, as some of them came out with interim dividends to sweeten the deal further where shareholders are concerned.







The proposed full-year dividend of Dh2.57 billion represents a per share payout of 20.57 fils a share.



“ADNOC Distribution continues to offer an attractive value proposition to its shareholders, underpinned by our commitment to delivering on our smart growth strategy, future-proofing the business, and unlocking additional value from efficiency enhancements,” said Bader Saeed Al Lamki, CEO of ADNOC Distribution.



That’s a strategy focussed on ‘transforming into a destination of