The remarkable success of the recent ADNOC Investor Majlis is echoing across regional and global capital markets, powerfully demonstrating the impact of open, transparent engagement between ADNOC and the investment community.

Held last Wednesday in Abu Dhabi, the ADNOC Investor Majlis has sparked a surge of investor confidence in ADNOC Drilling with five leading global financial institutions – Citi, Barclays, Bank of America, Bank of China International and Bernstein – upgrading their target share prices for the company.

Target share prices raised

This vote of confidence underscores ADNOC Drilling’s robust fundamentals, strategic clarity and dynamic growth trajectory. Barclays raised its target share prices from AED6.8 to AED7.5, Bank of America from AED6.9 to AED7.4, Bank of China International from AED6.4 to AED6.8, Bernstein from AED6.7 to AED6.8, and Citi from AED6.4 to AED6.7.

On average, ADNOC Drilling’s share price is expected to rise from AED6.5 to AED6.6.

These upgrades are a testament to the power of the ADNOC Investor Majlis, a unique forum that brought together global and regional investors, analysts and the leadership of ADNOC and its listed companies for candid, constructive dialogue. Through transparent and insightful exchanges, ADNOC is redefining investor relations in the region, setting a new benchmark for strategic communication and market engagement.

Proactive engagement translates into tangible shareholder value
The ADNOC Investor Majlis has not only reinforced ADNOC Drilling’s market strength but also demonstrated how proactive engagement can translate into tangible shareholder value.

As ADNOC continues to lead by example, inspiring excellence and trust across the investment landscape, the Majlis stands as a powerful symbol of partnership, performance and transparency, key drivers propelling the UAE’s capital markets to new heights.

During the meeting, ADNOC announced a target to distribute AED158 billion ($43 billion) in dividends across its six publicly listed companies through to 2030, subject to customary approvals, in addition to the AED86 billion ($23 billion) already paid since the first company’s initial public offering (IPO) in 2017.

ADNOC’s six listed companies represent more than AED550 billion of the market cap and nearly 40 percent of the annual dividends paid on the ADX.

During the inaugural Investor Majlis in Abu Dhabi, it was also confirmed that ADNOC Distribution, ADNOC Gas and ADNOC Logistics & Services (L&S) will be joining ADNOC Drilling in distributing dividends on a quarterly basis, giving more frequent payments to investors.