Abu Dhabi Nationwide Oil Co PJSC (ADNOC) has transferred its stakes in 4 publicly traded firms to its wholly owned worldwide power funding car.
XRG PJSC has taken over ADNOC Distribution PJSC, ADNOC Gasoline PLC and ADNOC Logistics and Providers PLC, ADNOC mentioned in a current assertion. ADNOC Drilling Co PJSC’s switch was awaiting regulatory approvals, ADNOC mentioned.
“The interior administrative share transfers may have no influence on the day-to-day operations, management groups or strategic path of the respective listed firms”, it mentioned.
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“The dividend insurance policies of the listed firms stay unchanged, in keeping with ADNOC’s monitor file of delivering predictable and sustainable returns.
“These inside transfers will additional strengthen XRG’s dimension and monetary place, and drive its long-term growth, by entry to secure and engaging dividend streams, supported by the listed firms’ present disciplined progress and capital return agendas”.
The assertion added, “ADNOC additionally confirms that its whole stake in Fertiglobe PLC is held by XRG”.
Final 12 months ADNOC accomplished the takeover of Fertiglobe, a worldwide fertilizer main, by a 50-percent-plus-one-share acquisition from accomplice OCI World. The AED 13.28 billion ($3.62 billion) acquisition raised its stake to 86.2 %, it confirmed October 15, 2024.
In July 2025 ADNOC mentioned it intends to switch its 24.9 % possession in Austria’s state-backed oil and fuel firm OMV AG to XRG.
ADNOC additionally plans to switch its stake in a yet-to-be-launched three way partnership with OMV referred to as Borouge Group Worldwide to XRG.
In March 2025 ADNOC and OMV signed an settlement to consolidate their polyolefin companies, with ADNOC additionally agreeing to accumulate NOVA Chemical substances Corp to be transferred to the brand new three way partnership. Beneath the settlement, Borealis AG – now Borealis GmbH – and Borouge PLC will merge to kind Borouge Group Worldwide.
OMV owns 75 % of Vienna-based Borealis whereas ADNOC holds the remaining 25 %. In Abu Dhabi-based Borouge, ADNOC instantly owns 54 % and Borealis 36 %. ADNOC’s proposed shareholding within the mixed entity is 46.94 %.
ADNOC and OMV anticipate to finish the Borealis-Borouge mixture and the NOVA Chemical substances acquisition within the first quarter of 2026.
ADNOC unveiled XRG November 2024 with an enterprise worth of over $80 billion to drive the United Arab Emirates’ growth within the chemical, low-carbon power and pure fuel markets.
In June 2025 XRG introduced a purpose of constructing a top-five built-in fuel and liquefied pure fuel enterprise with a capability of 20-25 million metric tons a 12 months by 2035.
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