The inaugural Investor Council organized by ADNOC in Abu Dhabi successfully attracted over 500 global investors and financial analysts, marking a significant milestone in the company’s ambitious growth plans.
The event highlighted ADNOC’s strategies for growth, the strength of its six listed companies, and their commitment to implementing top-tier governance practices along with the highest standards of financial discipline and transparency, establishing a reputation for reliability. This has led some of the world’s leading banks to upgrade their target ratings on shares of these companies.
Analysts from major global banks emphasized that the ADNOC Investor Council showcased the transparent and financially disciplined approach of ADNOC’s listed firms, focusing on creating long-term value. They praised ADNOC’s essential role in enhancing investor confidence in the capital markets of the United Arab Emirates.
Attended by His Excellency Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, and the CEO and Managing Director of ADNOC and its group of companies, the event featured a review of the strong performance of ADNOC Drilling, ADNOC Gas, ADNOC Distribution, ADNOC Logistics and Services, Borouge, and Fertiglobe. ADNOC’s focus on providing attractive returns to shareholders is supported by a clear vision for long-term dividend distributions amounting to AED 158 billion (USD 43 billion) through 2030.
Leading global financial institutions including Goldman Sachs, Barclays, Citigroup, Morgan Stanley, JPMorgan, and Bank of America have recognized ADNOC’s leading position in the energy sector following the council meeting. They pointed out the company’s balanced growth plans, the flexibility of its firms, the robustness of its operations spanning various stages of the industry value chain, and its successful initiatives to leverage digital solutions and artificial intelligence tools.
Following the council, several analysts raised their target prices for shares of ADNOC’s listed companies by as much as 11.4%, based on strong performance, growing profits, and more frequent dividend payments.