ADNOC Logistics & Services plc

On 1 August 2024, the Abu Dhabi Securities Exchange's Market Operations & Surveillance department received a notification regarding a meeting of the Board of Directors of ADNOC Logistics & Services PLC. The meeting is scheduled to take place via video conference at 3:00 PM on Tuesday, 6 August 2024. The agenda includes reviewing and approving the company's financial results for the second quarter of 2024 and discussing other general matters related to the company's activities and projects. The communication was signed by Abdulkareem Mubarak Almessabi, Chief Executive Officer, and a copy was sent to the Securities and Commodities Authority (SCA).

ADNOC Logistics and Services (ADNOC L&S) and its joint venture with Wanhua Chemical Group, AW Shipping, have awarded shipbuilding contracts worth $1.9 billion to Jiangnan Shipyard in China. The contracts include the construction of nine Very Large Ethane Carriers (VLECs) for approximately $1.4 billion and two Very Large Ammonia Carriers (VLACs) for about $250 million, with an option for two additional VLACs. The new vessels, which will be among the world's largest ethane and ammonia carriers, will feature energy-efficient dual fuel engines. The VLECs will be deployed on 20-year charter contracts, generating around $4 billion in revenue. The contracts were signed in a ceremony in Beijing, attended by notable officials including UAE Minister Dr. Sultan Ahmed Al Jaber.

ADNOC Logistics & Services Plc has signed shipbuilding contracts worth up to $2.5 billion with South Korean shipyards Samsung Heavy Industries and Hanwha Ocean for the construction of 8 to 10 Liquified Natural Gas (LNG) carriers. These vessels, to be delivered starting in 2028, will be time chartered for 20 years to ADNOC Group subsidiaries. This investment is part of ADNOC L&S's strategy to expand its fleet and has committed over 50% of its $5 billion medium-term investment target one year after its IPO. The new carriers will increase the company's LNG fleet from 14 to at least 22 vessels.

ADNOC Logistics & Services Plc (ADNOC L&S) and Samsung Heavy Industries have signed a Letter of Intent for the construction of at least three Liquified Natural Gas (LNG) carriers, with options for two additional carriers. Each carrier will have a capacity of 174,000 cubic meters and is scheduled for delivery in 2028. ADNOC L&S is a global energy maritime logistics company listed on the Abu Dhabi Securities Exchange, serving over 100 customers in more than 50 countries. For more information, visit www.adnocls.ae.

ADNOC Logistics & Services Plc (ADNOC L&S) and South Korean shipyard Hanwha Ocean Co. Ltd. have signed a Letter of Intent to construct a minimum of three Liquified Natural Gas (LNG) carriers, with options for at least two additional carriers. Each LNG carrier will have a capacity of 174,000 cubic meters and is scheduled for delivery in 2028. ADNOC L&S, listed on the Abu Dhabi Securities Exchange, is a global energy maritime logistics company serving over 100 customers in more than 50 countries. For more information, visit their website or contact their media and investor relations teams.

ADNOC Logistics & Services Plc (ADNOC L&S) and Samsung Heavy Industries have signed a Letter of Intent for the construction of at least three Liquified Natural Gas (LNG) carriers, with options for an additional two carriers. Each LNG carrier will have a capacity of 174,000 cubic meters and is scheduled for delivery in 2028. ADNOC L&S is a global energy maritime logistics company based in Abu Dhabi, serving over 100 customers in more than 50 countries. For more information, visit their website or contact them via email for media or investor inquiries.

The ADNOC Logistics & Services Sustainability Report 2023 discusses the company's efforts and strategies towards achieving a sustainable and resilient future.

The Annual General Assembly of ADNOC Logistics & Services PLC was held on 29th April 2024, with the option for shareholders to attend in person or virtually. The meeting took place at Sofitel Abu Dhabi Corniche Hotel at 4:30 p.m. (UAE time). Shareholders representing 84.19% of the company's share capital registered for the meeting to discuss the agenda and adopt relevant resolutions. The meeting was chaired by H.E. Dr. Sultan Ahmed Al Jaber, the Chairman of the Board of Directors, who declared the meeting quorate and appointed Mr. Ahmad Ma’abreh as secretary. The First Abu Dhabi Bank and Lumi were appointed as vote collectors.