Abu Dhabi – Mubasher: The board members of ADNOC Drilling Company appointed Abdulla Ateya Al Messabi as the new CEO, according to a press release.
Al Messabi succeeded Abdulrahman Abdulla Al Seiari, who will retire at the end of 2025 following more than 45 years of service to ADNOC and ADNOC Drilling.
During his role as the CEO of ADNOC Drilling, Al Seiari led the company’s transformation, including its initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX), which was 31 times oversubscribed.
Sultan Al Jaber, Group CEO and Chairman of ADNOC Drilling, commented on the new appointing: “With deep operational expertise and a proven leadership track record across the ADNOC value chain, Abdulla is ideally positioned to advance ADNOC Drilling’s strategy of delivering profitable growth and long-term value creation, while ensuring continued efficiency and performance across all operations.”
Al Messabi has extensive industry experience and a proven track record in leadership and value creation across various aspects of the energy sector, including diversified and challenging areas.
He was the CEO of ADNOC Sour Gas and ADNOC Refining. He contributed to achieving operational excellence, driving business transformation, and fostering sustainable growth across ADNOC’s upstream and downstream portfolios.
In the first quarter (Q1) of 2025, ADNOC Drilling generated 24% year-on-year (YoY) higher net profits after tax at $340.94 million, compared to $274.61 million.
