By: Oil & gas middle east

Abu Dhabi National Oil Company (ADNOC) has transferred its shareholdings in several of its publicly traded units to XRG P.J.S.C., the group’s wholly owned international energy investment company.

The transfer covers ADNOC Distribution, ADNOC Drilling, ADNOC Gas, and ADNOC Logistics & Services. Majority stakes in ADNOC Distribution, ADNOC Gas, and ADNOC Logistics & Services were moved earlier today through an off-market transaction on the Abu Dhabi Securities Exchange (ADX). At the same time, the ADNOC Drilling transfer will follow regulatory approval.

ADNOC said the internal restructuring consolidates ownership under XRG without altering the operations, leadership, or strategies of the listed firms. Dividend policies also remain unchanged, in line with ADNOC’s record of delivering consistent shareholder returns.

XRG, which welcomed the announcement, described the move as a step that strengthens its financial position and supports long-term growth. The company said it will benefit from stable dividend streams backed by the listed entities’ disciplined expansion and capital return programmes.

Beyond the share transfers completed today, ADNOC confirmed that its entire stake in Fertiglobe is already held through XRG. Once regulatory approvals are secured, its interests in the planned combination of Borouge and Austria’s Borealis into Borouge Group International (BGI), and BGI’s acquisition of Canada’s Nova Chemicals, will also be moved under the XRG umbrella.

ADNOC will continue to retain ultimate ownership of its listed companies through its full shareholding in XRG, underscoring its focus on long-term value creation and capital discipline.