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ADNOC Raises $317M from Subsidiary Stake Sale, Boosts Trading and Shareholder Confidence

Prime Highlights:

  • ADNOC raised $317 million by selling 222 million shares of its subsidiary ADNOC Logistics & Services, reflecting strong investor demand.
  • The stake sale increases ADNOC L&S’s free float to 22%, improving market liquidity and expanding the shareholder base.

Key Facts:

  • The shares were sold at Dh5.25 each and rose over 2% to close at Dh5.43 on the Abu Dhabi Exchange.
  • ADNOC L&S reported an EBITDA of $744 million for H1-2025 and announced a 5% increase in its full-year dividend.

Key Background:

ADNOC completed the sale of 222 million shares of its subsidiary, ADNOC Logistics & Services (ADNOC L&S), to institutional buyers, raising $317 million. The sale makes up around 3% of the company’s shares, raising the free float to about 22% and strengthening both market activity and shareholder mix.

The share sale drew strong interest from institutional investors across the GCC and abroad, with demand exceeding the available shares by seven times. The shares were priced at Dh5.25, the smallest discount for a secondary sale in the region, and rose over 2% to close at Dh5.43 on the Abu Dhabi Exchange on August 28. The quick sale of shares was finished in only four hours, making it one of the fastest and biggest secondary offerings in the region.

ADNOC L&S also reported strong operational performance for the first half of 2025, surpassing market expectations in revenues and income. The company reported an EBITDA of $744 million, raised its full-year forecast, and announced a 5% hike in its annual dividend.

ADNOC’s CFO, Khaled Al Zaabi, said the share sale will raise ADNOC L&S’s free float from 19% to 22%, increase trading, attract more shareholders, and support MSCI index eligibility. He emphasized that ADNOC, as the majority shareholder, remains fully committed to supporting ADNOC L&S in delivering its growth plans while creating long-term, sustainable value for all investors.

As the trend of unlocking shareholder value and enhancing market liquidity continues, the recent sale of a stake in ADNOC highlights the company’s long-term growth strategy and engagement with international investors.