Adnok Drilling Approves Over $500M Dividends

Adnoc Drilling achieved a net profit of 2.59 billion dirhams (approximately 706 million USD) in the first half of 2026, representing a 2% increase compared to the same period last year, supported by ongoing growth from the oilfield services sector and operational efficiency. Total revenue rose to 9.04 billion dirhams (2.46 billion USD), with quarterly dividends of 262.5 million USD, bringing the total dividends for the first half to 525 million USD, which is half of the annual target, with expectations of continued growth until 2030. Additionally, the early deployment of the AD-300 rig equipped with artificial intelligence technologies was completed ahead of schedule; this upgrade is expected to expand the fleet and increase revenues from the second half of 2026.

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