The contract for two jack-up rigs begins in the second quarter.

Minus UAE corporate tax, it would have grown by 2.4% to $725m

The $2.1bn contracts are aimed at enhancing LNG supply infrastructure.

This is equivalent to 6.78 fils per share, the company said.

The total dividend for 2024 is expected to be $700 million.

The company aims to expand UAE gas infrastructure, increase customer reach

The company's third-quarter revenue grew by 8% to $5.80 billion.

The EBITDA increased by 28% YoY to $303 million in the third quarter.

The company posted first-half revenues of $2.8 billion.

The net profit increased by 79 percent over Q1 2022.

Abu Dhabi, UAE -- Abu Dhabi National Oil Company (ADNOC) on Wednesday announced that the final offer price for the Initial Public Offering of its ADNOC Logistics & Services has been fixed at AED2.01 per ordinary share price. This implies a market capitalization of AED 14.9 billion ($4.05 billion) of...

Abu Dhabi, UAE --Abu Dhabi National Oil Company (ADNOC) Monday said it has increased by the number of shares offered in the initial public offering (IPO) of ADNOC Logistics and Services by 4 percent on high investor demand across all tranches. ADNOC will now offer 1.40 billion ordinary shares, equivalent...

The company has paid a total of $975m in dividends for 2022.

The ADNOC Gas offering was set at 2.37 dirhams ($0.65) per share, towards the top of its range, implying a market capitalization of about $50 billion. Total demand topped $124 billion, making it more than 50 times oversubscribed, ADNOC said, calling it the biggest demand yet seen for an IPO...

Full year earnings before EBITDA were $1.23 billion.

The EBITDA grew by 15 percent to reach AED3.52 billion.

ADNOC said the company combines the operations, maintenance and marketing of the ADNOC Gas Processing and ADNOC LNG businesses into one global and market-leading consolidated business. ADNOC Gas will operate eight processing sites both onshore and offshore with a pipeline network of over 3,250km.