At ADNOC Group’s inaugural Investor Majlis on 8 October, ADNOC Distribution further raised its growth guidance, reflecting stronger performance across its core business, including updated targets for the size of its service station network to 1,150 by 2028 - a 15% increase over previous guidance of 1,000.
In parallel, the Company announced a revised non-fuel retail target, projecting a 100% increase to non-fuel retail transactions by 2030 against 2023 figures, replacing previous guidance of a 50% increase between 2023 and 2028.
At the event, the Company announced a proposed extension to its existing dividend policy (subject to final shareholder approval in 2026) for an additional two years, through FY 2030. This brings total dividend commitments to $4.9 billion at a minimum $700 million annual disbursement or 75% of net profit, whichever is higher, following a previously announced $3.5 billion commitment from 2024 through the end of 2028. Coming into effect in the first quarter of 2026, dividend payments will now take place on a quarterly basis.
The Investor Majlis provided insights into how the ADNOC ecosystem enables value creation across the Group’s portfolio, including how ADNOC Distribution is maximizing shareholder returns. For investors, the event offered a unique platform to engage directly with ADNOC Distribution’s leadership and gain greater visibility into its growth strategy, resilience, and dividend outlook.
