Latest news with #FatemaMohamedAlNuaimi
Al Etihad
09-07-2025
- Business
- Al Etihad
ADNOC Gas makes rapid strides in its sustainability journey
9 July 2025 13:37 A. SREENIVASA REDDY (ABU DHABI)ADNOC Gas has made seminal progress in its sustainability journey in 2024, listing several key achievements across the Environment, Social and Governance (ESG) pillars in its latest Sustainability Report released on Executive Officer, Fatema Mohamed Al Nuaimi, said the company strives to be among the lowest carbon gas producers by embedding ESG principles into planning, operations and targets. 'Sustainability has been central to our mission, as evident in the recent transformation of our energy mix to include more clean grid power usage in our operations,' she stated.'We continue to champion diversity and inclusion, welcoming employees from over 60 different countries. Focusing on developing local talent, last year we exceeded our Emiratisation goal. To help our people unlock their full potential and accelerate their growth, we delivered approximately 155,550 hours of training to more than 5,120 employees,' she further noted, 'As we grow, we will continue to drive the UAE's economic development and diversification. In 2024, we supported the local economy with over $1.24 billion worth of investments. Our low-carbon gas supports the UAE's energy needs, creates jobs, empowers communities, and supplies electricity to homes, schools, and hospitals. We also prioritise sourcing local goods and services.'Among its environmental milestones, ADNOC Gas achieved a 2.31% reduction in greenhouse gas (GHG) emissions intensity and met approximately 50% of its power requirements through clean energy sources. The Habshan Carbon Capture, Utilisation and Storage (CCUS) project — recognised by Forbes Middle East as the most sustainable project in the region — helped cut GHG emissions across the value chain. The company also advanced the Ruwais LNG project, the first LNG export facility in the MENA region, planned to operate on clean firm diverted 47% of hazardous waste from landfills and implemented Loop 20 Proof of Concept (PoC), a technology that captures CO₂ emissions by up to 30% and converts them into low-cost, high-value graphene. Methane emissions were reduced by approximately 25% compared to the previous the social front, ADNOC Gas achieved a Total Recordable Injury Rate of 0.05 with zero fatalities. In addition to delivering 155,550 hours of training to over 80% of its workforce, the company engaged more than 1,500 construction site workers through HSE awareness initiatives, hired 185 new employees — a 24% year-on-year increase—and welcomed 141 university students into its internship Aasah Ali Hashem, Vice President of Sustainability and ESG, reaffirmed the company's commitment to resilience and excellence. 'Committed to zero operational disruptions, we leveraged cutting-edge technologies and artificial intelligence, achieving ISO 42001 AI certification, to work smarter and safer,' she said. 'Together with our stakeholders, we are shaping a future where sustainable energy solutions benefit the generations of tomorrow.'In terms of governance, ADNOC Gas established a new Sustainability Policy and reported zero cases of discrimination. It also received the ISO 42001:2023 certification for its Artificial Intelligence Management System, underscoring its proactive approach to innovation and the company posted a 7% year-on-year increase in adjusted revenues to $24.43 billion, while adjusted net income rose by 13% to $5 billion. It declared a dividend of $3.412 billion for the full year. Operationally, ADNOC Gas celebrated the successful delivery of 9,000 loads of LPG and paraffinic naphtha, achieved 59% In-Country Value (ICV) to bolster local development, and signed a 10-year LNG supply agreement with GAIL India Limited for up to 0.52 million metric tonnes per annum. The company was ranked 12th in the Forbes Middle East Top 100 companies in the MENA region. ADNOC Gas's ESG strategy supports the UAE's Net Zero by 2050 initiative and ADNOC Group's 2045 target. Its actions are aligned with 11 of the United Nations' Sustainable Development Goals.
Gulf Today
14-05-2025
- Business
- Gulf Today
Adnoc Gas joins MSCI index, boosts its investment profile
Adnoc Gas and its subsidiaries on Wednesday announced that its shares have been selected for inclusion in the MSCI Emerging Markets Index after successfully meeting the MSCI's established eligibility criteria. The inclusion will take effect on 2nd June 2025. The MSCI Emerging Markets Index serves as a benchmark for the performance of prominent large and mid-cap publicly listed companies in 24 emerging market countries. Adnoc Gas admitted to the Index, and its inclusion marks a significant milestone in the company's ongoing efforts to enhance its global investment profile. The development is set to increase the company's visibility among international institutional investors, which could improve passive cash inflows by between $300 to $500 million and facilitate a more diversified investor base. Fatema Mohamed Al Nuaimi, Chief Executive Officer at Adnoc Gas, said, 'We are delighted that Adnoc Gas has been included in the MSCI Emerging Market Index. The inclusion supports our ambition to attract a broader and more diversified base of institutional investors and should drive greater liquidity in Adnoc Gas stock.' Al Nuaimi added that the recent $2.84 billion marketed offering, which increased the company's free float by 80 per cent, has already led to a sixfold rise in average daily trading volume. She highlighted that the continued strategic focus on growth is expected to deliver additional value for shareholders through 2025 and beyond. Adnoc Gas' exceptional performance since its 2023 listing is a result of disciplined execution of its growth strategy, which includes a commitment to invest $15 billion in attractive opportunities from 2025 to 2029. The company has a robust pipeline of growth initiatives, including major projects aimed at enhancing its position as a leading global supplier of gas. The strategy aims to deliver a 40 per cent increase in Ebitda between 2023 and 2029, supported by a diversified portfolio of projects designed to maximise value creation. With greater exposure to institutional investors, Adnoc Gas is well-positioned to benefit from increased liquidity, deeper market penetration, and enhanced stock visibility. The company anticipates that the inclusion should result in higher trading volumes and improved investor engagement, further solidifying its position as a leading energy player in the global market. Additionally, Adnoc Gas' efforts to increase the free float, along with its growing strategic investments, should support its long-term goal of enhancing shareholder returns. Adnoc Gas and its subsidiaries, a world-class integrated gas processing and sales company, on Monday announced net income of $1.27 billion and Ebitda of $2.16 billion for the first quarter of 2025, exceeding the equivalent quarter in 2024 by 7 per cent and 4 per cent respectively. The performance was driven firstly by continued demand for domestic gas - up on the equivalent quarter last year - as a result of strong economic growth in the UAE, which lifted the total sales volume.
Trade Arabia
14-05-2025
- Business
- Trade Arabia
Adnoc Gas joins MSCI Emerging Markets Index
Adnoc Gas has been admitted to the MSCI Emerging Markets Index, marking a significant milestone in the company's global investment profile. The inclusion, effective on June 2, 2025, will increase the company's visibility among international institutional investors, potentially improving passive cash inflows by $300 to $500 million and facilitating a more diversified investor base. This marks the third Adnoc company to be admitted to the Index, which serves as a benchmark for large and mid-cap publicly listed companies in 24 emerging market countries. Fatema Mohamed Al Nuaimi, Chief Executive Officer at Adnoc Gas, added: 'We are delighted that AdnoC Gas has been included in the MSCI Emerging Market Index. The inclusion supports our ambition to attract a broader and more diversified base of institutional investors and should drive greater liquidity in Adnoc Gas stock. The recent $2.84 billion marketed offering, which increased the Company's free float by 80%, has already led to a sixfold rise in average daily trading volume, and we are confident that our continued strategic focus on growth will deliver further value for shareholders through 2025 and beyond.'
