ADCB initiates coverage of three ADNOC listed companies at ‘Buy’

Abu Dhabi Commercial Bank (ADCB) has initiated equity research coverage on three of ADNOC’s six listed companies, assigning a “Buy” rating to ADNOC Drilling, ADNOC Distribution and Borouge. In a sector report titled “The ADNOC Advantage,” the bank’s research division said the three stocks offer investors differentiated exposure to one of the world’s most strategically important integrated energy platforms, underpinned by Abu Dhabi’s sovereign strength and a multi-decade investment programme. ADCB set a fair value, equivalent to a price target, of AED7.00 per share on ADNOC Drilling, AED4.65 on ADNOC Distribution and AED3.00 on Borouge, implying upside of approximately 20%, 17% and 18% respectively, or around 18% on average. The bank said visible divid

Related Post

Airport Show 2026 to showcase newest biometrics technology for seamless, secure passenger experience

The 25th edition of the Airport Show 2026, to be held at the Dubai World Trade Centre from 12th to 14th October, will showcase the best biometric technologies and advanced innovations focused on the traveler. This year’s edition will feature more than 150 exhibitors from over 30 countries, along with 120 hosted buyers, while the […]

2 Jul 2026 - 5:30 PM

Etihad Airways marks 20 years of flying to France

Etihad Airways is marking 20 years of flying to France, two decades after it launched its first service to the country, between Abu Dhabi and Paris, in June 2006. What began as six flights a week has grown alongside an airline that now operates a fleet of 124 aircraft to 118 destinations worldwide. Two decades […]

2 Jul 2026 - 4:38 PM

Etihad Airways expands Brussels, Dhaka, Kraków, Palma, Zanzibar services

Etihad Airways is increasing capacity across its network in response to strong demand, increasing frequencies to Brussels and Kraków, making Abu Dhabi--Dhaka a year-round route, and extending seasonal services to Zanzibar and Palma de Mallorca. The changes reflect continued growth in demand, with additional capacity added where demand has been strongest. Abu Dhabi--Dhaka, which launched […]

1 Jul 2026 - 1:53 PM

Abu Dhabi Judicial Department discusses innovative AI projects to enhance judicial services

The Artificial Intelligence in Judicial and Notary Services Committee at the Abu Dhabi Judicial Department held a meeting chaired by H.E. Counsellor Yousef Saeed Al Abri, Undersecretary of the Department, during which it discussed a range of innovative projects and technological initiatives aimed at advancing judicial performance and enhancing service efficiency based on the latest […]

1 Jul 2026 - 1:00 AM