Press releases, Reports & Disclosures for ADNOC Logistics & Services plc

The Abu Dhabi Securities Exchange has announced a Board of Directors meeting for ADNOC Logistics & Services PLC to be held via video conference on Tuesday, 7 May 2024 at 3 p.m. The agenda includes approval of the financial statements for the first quarter of 2024 and discussion of other general matters related to the company's activities and projects. The notification was signed by the company's CEO, Abdulkareem Mubarak Almessabi. A copy of the announcement was also sent to the Securities and Commodities Authority (SCA).

The Annual General Assembly Meeting of ADNOC Logistics & Services PLC was held in person and virtually on 29th April 2024, chaired by H.E. Dr. Sultan Ahmed Al Jaber. The meeting had a quorum of 84.19% of total attendance. The assembly approved the Board of Directors’ report on the company’s activities and financial position for the financial year ended on 31 December 2023. The report of the company’s external auditor and the standalone and consolidated audited financial statements for the same period were also approved. The board's recommendation for a cash dividend distribution of USD 130 million for the second half of 2023 was approved, bringing the total cash dividends for 2023 to approximately AED 716 million. The payment of AED 15.83 million to the Board of Directors as remuneration for the financial year ended on 31 December 2023 was also approved.

The Board of Directors of ADNOC Logistics & Services PLC has invited shareholders to attend the annual general assembly meeting on April 29, 2024. The meeting can be attended in person or virtually. The agenda includes the appointment of a secretary and a vote collector, review and approval of the company's financial reports for the year ending December 31, 2023, and the appointment of external auditors for the financial year 2024. Shareholders will also consider a proposed cash dividend distribution of USD 130 million. Shareholders who wish to attend virtually need to register electronically. The company has also provided information on how to delegate voting rights and update contact details for the receipt of dividends.

The Board of Directors of ADNOC Logistics & Services PLC has invited shareholders to attend the annual general assembly meeting on 29 April 2024, either in person at Sofitel Abu Dhabi Corniche Hotel or virtually. The meeting will discuss several items, including the approval of the company's financial reports for the year ended 31 December 2023, the appointment of external auditors for the financial year 2024, and a proposed cash dividend distribution of USD 130 million. Shareholders can register for the meeting and vote on the items electronically. The company also advised shareholders to update their contact details for proper dividend delivery.

The document contains the consolidated financial statements and independent auditor's report for ADNOC Logistics & Services PLC for the year ending on 31st December 2023.

The document contains the consolidated financial statements and the independent auditor's report for ADNOC Logistics & Services PLC for the year ending on 31 December 2023.

The text is a Management Discussion & Analysis Report from ADNOC, detailing their fiscal year 2023 earnings. The report was released on February 14, 2023.

ADNOC Logistics and Services (ADNOC L&S) announced its Q4 and full-year financial results for 2023, revealing a significant increase in profits and revenues. The company's net profit rose by 138% year-on-year (Y-o-Y) to $620 million, while revenues increased by 41% Y-o-Y to $2,755 million. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) also grew by 93% Y-o-Y to $876 million. The board recommended a cash dividend of $130 million, equivalent to 6.45 fils per share for H2 2023. The growth was mainly attributed to the Integrated Logistics segment, along with strong performance in the Shipping and Marine Services segments. For Q4, net profit grew by 89% Y-o-Y to $165 million, and revenue increased by 26% Y-o-Y to $828 million.

On 14th February 2024, the Board of Directors of ADNOC Logistics & Services PLC held a meeting via video conference. The board approved the company's audited annual financial statements for the financial year ended 31 December 2023. They also proposed a cash dividend distribution of USD 130 million (equivalent to approximately AED 477 million or 6.45 fils per share) for the second half of the financial year ended 31 December 2023, pending approval at the next general assembly meeting. The board discussed recent developments related to the company's activities and projects. The updated composition of the Company’s Board of Directors was also noted, with Dr. Sultan Al Jaber as Chairperson.

The Board of Directors of ADNOC Logistics & Services PLC will hold a video conference meeting on 14 February 2024 at 4:30 p.m. The agenda includes the review and approval of the company's audited financial statements for the financial year ended 31 December 2023, consideration of the company's cash dividends distribution proposal to the shareholders for the second half of the financial year ended 31 December 2023, and discussion on general matters relating to the company's activities and projects. The meeting notice was sent by the company's CEO, Abdulkareem Mubarak Almessabi.