How do analysts forecast the share price of “ADNOC Drilling”?

• Barclays: AED 6.8 to 7.5
• Bank of America: AED 6.9 to 7.4
• Bank of China International: AED 6.4 to 6.8
• Bernstein: AED 6.7 to 6.8
• Citigroup: AED 6.4 to 6.7

The average share price rose from AED 6.5 to 6.6.

The remarkable success of the “ADNOC Investors Council” recently in regional and global capital markets stands as tangible evidence of the effectiveness of ADNOC’s open and transparent communication approach, enhancing confidence in its position as a trusted and attractive investment destination.

The positive impact of the council, held last Wednesday in Abu Dhabi, was clearly reflected in the growing investor confidence in “ADNOC Drilling,” as five prestigious global financial institutions — Citigroup, Barclays, Bank of America, Bank of China International, and Bernstein — raised their target prices for the company’s shares. This reflects confidence in the company’s strong financial and operational foundations, clear strategic vision, and rapid growth trajectory.

The latest analyst target price forecasts for “ADNOC Drilling” shares are as follows:

• Barclays: AED 6.8 to 7.5
• Bank of America: AED 6.9 to 7.4
• Bank of China International: AED 6.4 to 6.8
• Bernstein: AED 6.7 to 6.8
• Citigroup: AED 6.4 to 6.7

Thus, the average share price increased from AED 6.5 to 6.6.

These collectively positive evaluations by prestigious financial institutions reflect growing confidence in the company’s performance and clearly demonstrate the strength of the council, which is one of the most prominent institutional initiatives that enabled direct meetings between investors and global and regional analysts with senior management at ADNOC and its listed companies, in frank and constructive dialogue that redefined investor relations in the region and set new standards for strategic communication and market interaction.

The council’s experience highlights how effective institutional initiatives can make a tangible difference in the market. The council contributed to enhancing the company’s position and confirmed the importance of proactive communication, constructive dialogue, and transparency in creating real value for shareholders.

While ADNOC continues its leading role as a source of trust and excellence in the investment landscape, the council stands as a strong symbol of partnership, performance, and clarity, contributing to driving the UAE’s financial markets towards broader horizons of growth and development.

(WAM)