Adnoc Distribution pays $700m dividend for 2025

Adnoc Distribution, the fuel and convenience retail arm of Abu Dhabi National Oil Company, will pay a total dividend of AED2.6 billion ($700 million) for 2025.

Shareholders approved a $350 million dividend payout for the second half of the year during their annual general meeting, the company said in a statement to the Abu Dhabi Securities Exchange on Wednesday.

The sum will be paid in April, bringing the dividend yield for 2025 to 5.4 percent.

Shareholders approved the payout of quarterly dividends by the Adnoc subsidiary from this year, subject to board approval. 

They also approved an extension of Adnoc Distribution’s dividend policy, which sets annual dividends at $700 million or 75 percent of net profit, whichever is higher, through to 2030.

In February the company said net profit rose 15.4 percent to AED2.8 billion in 2025, as revenue increased 1.2 percent to AED36 billion. 

Adnoc owns 77 percent of the company, which was listed on the Abu Dhabi Securities Exchange in December 2017. 

Adnoc Distribution shares closed 1.3 percent higher at AED3.79 on Tuesday, down nearly 3 percent so far this year.

• Adnoc Distribution’s earnings rise to $760m
• Adnoc subsidiaries to pay $43bn in dividends by 2030
• Adnoc Distribution targets Saudi expansion as profit soars