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Salem: ADNOC Drilling to Pay Dividends of $1B This Year

Bloomberg•Thursday, October 9, 2025 at 7:19:09 AM
PositiveFinancial Markets
Salem: ADNOC Drilling to Pay Dividends of $1B This Year
ADNOC Drilling, a subsidiary of Abu Dhabi's largest oil company, is set to distribute $1 billion in dividends this year, contributing to a projected total of over $40 billion by the end of the decade. This significant payout reflects ADNOC's strategic focus on expanding its international investment unit, which is actively seeking acquisitions worldwide. The announcement, made by CFO Youssef Salem during an interview with Bloomberg, highlights ADNOC's commitment to delivering value to its shareholders while pursuing growth opportunities.
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