ADNOC PumPs uP A New FuTuRe

UAE oil giant opts for IPOs and new partnerships in strategy to create jobs and boost economy

Adnoc’s initiative will expand strategic partnership opportunities, deliver strong financial returns and support the UAE’s future growth Expanding strategic partnership opportunities of our national companies enhances their competitiveness and leadership regionally and globally His Highness Sheikh Mohamed bin Zayed Al Nahyan

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Abu Dhabi National Oil Company (Adnoc) seeks to expand its partnership model to span the group’s entire value chain and portfolio of assets

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The initiative builds on Adnoc’s 2030 strategy to drive business and revenue growth, optimise performance and seize growth markets

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Adnoc is considering the IPO of minority stakes in some of its services businesses which have attractive investment and growth profiles

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There will be no IPO of Adnoc, the group holding company. Adnoc will remain fully owned by the Government of Abu Dhabi

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Adnoc is seeking partners who can secure better market access, willing to contribute technical expertise and co-develop technologies

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Adnoc will, in turn, offer innovative, attractive and stable investment opportunities

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The move will create high-skilled jobs and attractive career opportunities across the Adnoc value chain

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It will offer greater commercial opportunities for the UAE private sector, SMEs and other Adnoc suppliers

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The exercise will provide additional boost to the domestic economy and to the UAE’s own value creation efforts

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It will increase foreign direct investment, and facilitate technology and knowledge transfer to the UAE