According to Amac News: ADNOC L&S' announcement states that the company plans to distribute a total dividend of $273 million for the entire year.
According to the announcement, the approved amount is a 5% increase over the 2023 annual dividend, in accordance with its approved dividend policy.
The 2024 H1 dividend will be paid to shareholders holding ADNOC L&S shares on the record date of 17 October 2024.
ADNOC L&S has seen significant growth in all three of its business segments, Integrated Logistics, Shipping and Marine Services.
Starting in 2024, ADNOC L&S has announced the commissioning of 8-10 carriers (LNGC), two to four very large ammonia carriers (VLAC) and 9 very large ethane carriers (VLEC).
With these milestones, ADNOC L&S has enhanced its global footprint, capabilities, services and energy-leading fleet.