KSA
Mubasher TV
 Contact Us Advertising   العربية
KSA
TDWL Open
25 April 11:03 AM

Sector News

Photo Archive
31 March 01:12 PM ADNOC Gas obtains general assembly’s nod for H2-23 dividends
Abu Dhabi – Mubasher: The shareholders of ADNOC Gas greenlighted the board’s proposal to pay a cash dividend of $1.62 billion (AED 5.96 billion) for the second half (H2) of 2023. This will bring the total cash dividend for the financial year ended …
Cash Dividends
Photo Archive
24 March 02:58 PM ADNOC Drilling elects Chairman, Vice Chairman
Abu Dhabi – Mubasher: The board members of ADNOC Drilling Company elected Sultan Ahmed Al Jaber as the Chairperson of the company. Abdulmunim Saif Alkindi was elected as the Vice Chairperson of the board of directors, according to a bourse …
Management Decisions
Photo Archive
14 March 11:43 AM ADNOC Drilling’s shareholders unveil payment date for H2-23 dividends
Abu Dhabi – Mubasher: ADNOC Drilling Company’s general assembly meeting has approved the distribution of AED 1.31 billion, or 8.22 fils per share, in cash dividends, for the second half (H2) of 2023. The dividends are set to be paid no later than …
Corporate Actions
Photo Archive
26 February 10:43 AM ADNOC Distribution amends dividends policy
Abu Dhabi – Mubasher: The board of Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) agreed to amend the dividend policy for 2024-2028. The company will pay a dividend per financial year of AED 2.57 billion ($700 million), …
Board of Directors
Photo Archive
13 February 12:41 PM ADNOC Drilling’s profits exceed $1bn in 2023; dividends proposed
Abu Dhabi – Mubasher: The net profits of ADNOC Drilling Company hit $1.03 billion in the January-December 2023 period, marking an annual surge of 29% from $801.80 million. The revenues jumped by 14% to $3.05 billion as of 31 December 2023 from …
Financial Results
Photo Archive
12 February 11:25 AM ADNOC Gas unveils $4.7bn net income in 2023, dividends
Abu Dhabi – Mubasher: The net income of ADNOC Gas stood at $4.72 billion in 2023, marking a 2% decrease from $4.79 billion in 2022. The revenues dropped by 12% to $22.73 billion as of 31 December 2023 from $25.78 billion a year earlier, according …
Financial Results
Photo Archive
8 February 11:31 AM Dana Gas records AED 586m profits in 2023
Abu Dhabi – Mubasher: Dana Gas posted 12% year-on-year (YoY) lower net profits at AED 586 million ($160 million) in 2023, compared to AED 667 million ($182 million). The company attributed the decline in profits to lower realised hydrocarbon …
Financial Results
Photo Archive
7 February 11:51 AM ADNOC Distribution’s profits to owners hit AED 2.6bn in 2023; dividends unveiled
Abu Dhabi – Mubasher: Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) logged net profits attributable to the owners amounting to AED 2.60 billion in 2023, versus AED 2.74 billion in 2022. The revenues increased to AED 34.62 …
Financial Results
Photo Archive
30 January 04:12 PM ADNOC Gas inks LNG supply deal with GAIL India
Abu Dhabi – Mubasher: ADNOC Gas has signed a 10-year agreement with GAIL India Limited, according to a press release. Under the deal, the ADX-listed firm will supply 0.5 million metric tons per annum (mmtpa) of liquified natural gas (LNG) to the …
Companies Investments
Photo Archive
9 January 11:54 AM ADNOC Drilling, Alpha Dhabi’s JV concludes 1st global investment
Abu Dhabi – Mubasher: A joint venture (JV) between  ADNOC Drilling Company and Alpha Dhabi Holding has completed its first strategic investment at the Abu Dhabi Global Market. The joint entity seeks to pursue global investments in energy …
Companies Investments
Photo Archive
15 November 2023 11:53 AM ADNOC Gas records solid performance in 9M-23 with $3.37bn net income
Abu Dhabi – Mubasher: ADNOC Gas posted a 9% decline in net income to $3.37 million during the first nine months (9M) of 2023, compared to $3.71 billion in 9M-22. Revenues dropped by 17% year-on-year (YoY) to $16.43 billion as of 30 September 2023 …
Financial Results
Photo Archive
14 November 2023 11:27 AM ADNOC Drilling’s net profits up 24% in 9M-23
Abu Dhabi – Mubasher: ADNOC Drilling Company recorded 24% higher net profits at $704 million in the first nine months (9M) of 2023, compared to $568 million in 9M-22. Revenues increased by 14% year-on-year (YoY) to $2.21 billion as of 30 September …
Financial Results
Photo Archive
12 November 2023 00:44 PM ADNOC Distribution’s 9M-23 revenues exceed AED 25bn; profits up 9% in Q3
Abu Dhabi – Mubasher: The net profits attributable to the shareholders of Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) hit AED 1.92 billion in the first nine months (9M) of 2023. The recorded profits were compared with AED …
Financial Results
Photo Archive
8 November 2023 03:54 PM Dana Gas logs 22% lower net profits in 9M-23
Abu Dhabi – Mubasher: Dana Gas achieved net profits valued at AED 462 million ($126 million) in the first nine months (9M) of 2023, down 22% year-on-year (YoY) from AED 589 million ($161 million). Revenues dropped by 21% to AED 1.19 billion ($326 …
Financial Results
Photo Archive
18 October 2023 02:34 PM ADNOC Gas pens $500-700m LNG supply deal
Abu Dhabi – Mubasher: ADNOC Gas has inked a multi-year liquified natural gas (LNG) supply agreement with JERA Global Markets, a trading subsidiary of JERA Company, according to a press release. The deal, which is valued between $500 million (AED …
Companies Investments
Photo Archive
10 October 2023 05:35 PM ADNOC Drilling unveils H1-23 dividends
Abu Dhabi – Mubasher: The board of ADNOC Drilling Company has passed a resolution by circular approving the payment of approximately AED 1.31 billion as cash dividends for the first half (H1) of 2023. The board, which held the meeting on 09 …
Board of Directors
Photo Archive
5 October 2023 02:04 PM ADNOC Gas unveils $615m carbon capture project in MENA
Abu Dhabi – Mubasher: ADNOC Gas has awarded a $615 million (AED 2.26 billion) contract to Petrofac Emirates for its carbon capture project, according to a press release. The engineering, procurement, and construction (EPC) agreement comes within …
Companies Investments
Photo Archive
27 September 2023 00:48 PM Dana Gas to have new Group CEO following Allman-Ward’s retirement
Abu Dhabi – Mubasher: Dana Gas has appointed Richard Hall as the Group CEO after the announcement of the retirement of Patrick Allman-Ward, according to a bourse disclosure. Hall will join Dana Gas on 6 November 2023, while the current CEO …
Corporate Actions
Photo Gallery
24 September 2023 02:45 PM UAE giant ADNOC Distribution launches service stations in Egypt, targets more units
Abu Dhabi – Mubasher: The UAE-based fuel and convenience retailer Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) has inaugurated three ADNOC service stations in Egypt that are fully equipped to operate around the clock and …
Companies Investments
Photo Archive
11 September 2023 03:38 PM ADNOC Gas unveils up to $550m LNG supply deal with PetroChina
Abu Dhabi – Mubasher: Integrated gas processing company ADNOC Gas recently announced an agreement with PetroChina International Company Limited, a subsidiary of PetroChina Company Limited, to supply liquefied natural gas (LNG). The supply deal is …
Companies Investments
Photo Archive
21 August 2023 04:39 PM ADNOC Gas awards $3.6bn contract to expand certain infrastructure
Abu Dhabi – Mubasher: ADNOC Gas has awarded a contract worth $3.60 billion, equivalent to AED 13.10 billion, to the joint venture (JV) between National Petroleum Construction Company (NPCC) and Tecnicas Reunidas S.A. to increase the listed firm’s …
Companies Investments
Photo Archive
9 August 2023 03:54 PM Dana Gas registers AED 304m profits to owners in H1-23
Abu Dhabi – Mubasher: Dana Gas achieved AED 304 million ($83 million) in net profit attributable to the owners during the first half (H1) of 2023, an annual plunge from AED 407 million ($111 million). Gross revenues stood at AED 814 million ($222 …
Financial Results
Photo Gallery
9 August 2023 03:48 PM Dana Gas joins Aiming for Zero initiative
Abu Dhabi – Mubasher: Dana Gas has become the newest signatory to the Aiming for Zero Initiative, which aims to reduce methane emissions. The ADX-listed firm is currently the 20th producer committed to near-zero methane emissions from operated oil …
Companies Investments
Photo Archive
8 August 2023 01:22 PM ADNOC Gas registers AED 2.25bn net income in H1-23
Abu Dhabi – Mubasher: ADNOC Gas achieved a net income totalling AED 2.25 billion during the first half (H1) of 2023, an annual decline of 12% from AED 2.55 billion. The ADX-listed firm posted revenues worth AED 10.62 billion as of 30 June 2023, …
Financial Results
Photo Archive
8 August 2023 11:03 AM ADNOC Distribution records over AED 1bn profits in H1-23; dividends unveiled
Abu Dhabi – Mubasher: Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) posted net profits attributable to the owners amounting to AED 1.08 billion during the first half (H1) of 2023. The generated net profits were compared with …
Financial Results