Sept 11 (Reuters) - Abu Dhabi National Oil Company

(ADNOC) said on Thursday it has transferred its shareholdings in

several of its listed subsidiaries to XRG, its international

investment arm for which it has ambitious growth plans.

The state oil giant said the transfers, including stakes in

ADNOC Distribution, ADNOC Drilling, ADNOC Gas, and ADNOC

Logistics & Services, will not affect the operations, leadership

or strategic direction of the companies, including dividend

policies. ADNOC owns a 100% stake in XRG so ultimate control

will not change.

"These internal transfers will further strengthen XRG's size

and financial position, and drive its long-term development,

through access to stable and attractive dividend streams,

supported by the listed companies' existing disciplined growth

and capital return agendas," ADNOC said.

The transfers of ADNOC's stakes in ADNOC Distribution, ADNOC

Gas and ADNOC Logistics & Services were completed earlier on

Thursday via off-market transactions on the Abu Dhabi Securities

Exchange (ADX). The transfer of ADNOC Drilling will follow

pending regulatory approvals.

ADNOC also said its entire stake in fertilizer maker

Fertiglobe is already held through XRG. It reiterated plans to

transfer its stake in the planned Borouge Group International

(BGI) to XRG once the transaction is completed and approved. BGI

is a new entity to be formed through the merger of Borouge and

Austria's Borealis, which will also acquire Canada's NOVA

Chemicals.

Launched in November 2024, XRG is ADNOC's vehicle for

international energy investments, with a focus on natural gas,

chemicals and scalable energy solutions.