Abu Dhabi, UAE | Sep 12, 2025 (The Arabian Wall Street) — The Abu Dhabi National Oil Company (Adnoc) has announced the transfer of its equity stakes in several listed companies to XRG, its wholly-owned international energy investment arm. The move consolidates Adnoc’s listed assets under XRG while ensuring the company retains full ownership and control through its 100% shareholding of the unit.
The internal administrative transfer covers majority holdings in Adnoc Distribution, Adnoc Drilling Company, Adnoc Gas, and Adnoc Logistics & Services. Adnoc confirmed that the shift will have no impact on daily operations, leadership teams, or strategic direction, with existing dividend policies remaining unchanged.
Adnoc emphasized that the restructuring reflects its commitment to long-term value creation and capital discipline, while also strengthening XRG’s financial capacity. With these assets consolidated, XRG will benefit from stable dividend streams supported by the listed companies’ disciplined growth and capital return strategies.
The company added that, pending regulatory approval, Adnoc’s stake in Adnoc Drilling will also be transferred. Furthermore, as previously disclosed, Adnoc’s entire holding in Fertiglobe is already under XRG, and upon completion of regulatory processes, Adnoc’s stake in the soon-to-be-launched Borouge Group International (BGI) — a merger of Borouge and Borealis AG with plans to acquire NOVA Chemicals — will also be placed under the investment unit.
The share transfers of Adnoc Distribution, Adnoc Gas, and Adnoc Logistics & Services have already been completed through an off-market transaction on the Abu Dhabi Securities Exchange (ADX). This underscores Adnoc’s strategy to reinforce XRG’s role as a global investment powerhouse, expanding its portfolio while preserving the group’s reputation for predictable and sustainable shareholder returns.
Analysts view the restructuring as part of Adnoc’s broader strategy to streamline its investments, enhance corporate governance, and position XRG as a central platform for international expansion. The move also signals confidence in the resilience of Abu Dhabi’s energy sector, which continues to attract investor interest despite global market volatility.
