Abu Dhabi Nationwide Oil Firm (ADNOC) introduced it has efficiently accomplished the pricing of a placement of roughly 222 million shares in ADNOC Logistics & Companies (ADNOC L&S) to institutional traders amidst what the corporate known as “distinctive demand”.
This represents roughly 3 % of ADNOC L&S’ whole issued and excellent share capital, rising the corporate’s free float to round 22 %.
The providing, priced at AED5.25 (US$1.43) per share and on the tightest low cost for a secondary sell-down within the area, was oversubscribed nearly seven occasions by institutional traders within the GCC and internationally. The accelerated bookbuild lasted simply 4 hours.
ADNOC continues to see important progress potential in ADNOC L&S
A rise in free float will present a pathway to attainable inclusion within the MSCI Rising Market Index, which can happen as early as the following quarterly assessment, topic to ADNOC L&S assembly all of the related inclusion standards.
Khaled Al Zaabi, Group Chief Monetary Officer, ADNOC, commented: “Following distinctive demand from each native and worldwide traders, with oversubscription ranges of roughly 7x throughout an accelerated bookbuild of simply 4 hours, we’re delighted to announce the profitable completion of our US$317 million institutional placement of ADNOC L&S shares.
“This Providing reinforces our dedication to delivering long-term worth for shareholders and helps the execution of our broader technique to attain index inclusion of our listed firms. On account of the location, ADNOC L&S’ free float will enhance to almost 22 per cent, enhancing its buying and selling liquidity. It’ll diversify the shareholder base and supply a transparent pathway in the direction of MSCI index inclusion.
“As majority proprietor, ADNOC stays totally dedicated to supporting the corporate to ship its formidable progress plans, with continued give attention to unlocking long-term, sustainable worth.”
ADNOC continues to see important progress potential in ADNOC L&S, given its robust strategic and working momentum. The corporate’s half-year 2025 financial results noticed income and earnings progress above market expectations. EBITDA reached US$744 million in H1 2025. It has additionally upgraded its full-year steerage and introduced a 5 per cent enhance to the full-year dividend.
ADNOC, as final beneficiary, will retain roughly 78 per cent stake within the firm and has agreed to a six-month share sale lock up, limiting it from promoting extra shares in ADNOC L&S for the interval.
