ADNOC Logistics & Services shares recorded their highest closing price since listing on the Abu Dhabi Securities Exchange in 2023, driven by the company raising its 2026 profit forecast by 60%, compared to its previous projections, which indicated moderate to high growth of only 10%.
The stock closed on July 15 at AED 6.26, leading trading in the financial market and launching a new phase of price revaluation.
ADNOC Logistics shares remain a focus for sovereign wealth funds and individual investors seeking dividends, as the company is committed to a sustainable dividend policy with an annual growth rate of 5%, supported by strong financial solvency and a high capacity to generate free cash flow.
It is noted that the company achieved a 20% growth in first-quarter profits, reaching AED 816 million, compared to the same period last year.
