Total anticipated dividend of US$ 273mn for 2024
Recently announced that its Board of Directors approved the distribution of a cash dividend of US$ 136.5mn (AED 501.3mnn) for H1-2024.
The Company intends to distribute a total dividend amount of US$ 273mn (AED 1,002.6mn) for the full year, a 5% increase on the 2023 annualized dividend, in line with its approved dividend policy.
“ADNOC L&S continues to make significant progress in its transformational growth strategy through strategic investments, while remaining focused on delivering value to our shareholders and stakeholders,” stated Captain Abdulkareem Al Masabi, CEO, ADNOC L&S.
ADNOC L&S continues to see significant growth across all three of its business segments: Integrated Logistics, Shipping and Marine Services. Since the start of 2024, ADNOC L&S has announced the commissioning of eight to 10 LNG Carriers (LNGC), two to four Very Large Ammonia Carriers (VLACs), and nine Very Large Ethane Carriers (VLECs). With these milestones, ADNOC L&S has increased its global footprint, capabilities, services and market-leading energy-efficient fleet.
