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ADNOC Drilling unveils H1-23 dividends

ADNOC Drilling unveils H1-23 dividends
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ADNOC Drilling
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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 October 2023, agreed to disburse 8.22 fils per share as an interim dividend.

ADNOC Drilling noted that the last day to participate will be 17 October, while the ex-dividend and record dates will be 18 and 19 October 2023, according to a bourse filing.

The listed company earlier stated that the interim dividend for 2023 would likely be higher by a minimum of 5% when compared with 2022.

Meanwhile, in H1-23, ADNOC Drilling achieved net profits worth $446.32 million as well as revenues of $1.44 billion.