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Abu Dhabi Securities Exchange (ADX), which has a market capitalisation of over $765 billion, has launched its 2024 Global Investor Roadshow and Conference in New York in collaboration with Morgan Stanley Bank.
Gecko Robotics and Al Masaood Energy have signed a $30 million contract with Adnoc Gas, utilizing Gecko's advanced robots and AI-powered data platform for predictive maintenance, enhancing efficiency, reducing downtime, and ensuring safety.
Adnoc Gas plans to invest over $13 billion in domestic and international growth opportunities over the next five years, with its predictable margin business expected to boost ebitda by 40%. It also aims to double its LNG production capacity by 2028.
ADNOC Gas will distribute $1.625 billion in final dividend for 2023, raising full-year dividends to $3.25 billion.
In 2023, Adnoc Gas awarded contracts worth $4.9bn to expand its processing capacity.