Abu Dhabi : The Abu Dhabi National Oil Company (ADNOC) announced plans to sell a 3 per cent stake in its logistics and services arm, ADNOC L&S. The offering includes up to 222 million shares for institutional investors.
The move is aimed at increasing share liquidity and strengthening ADNOC L&S’s chances of being added to the MSCI Emerging Market Index. Such an inclusion could attract new international investors and raise the company’s global profile.
The announcement comes after ADNOC L&S posted strong Q2 2025 results, reporting a 40% rise in revenue and a 31% increase in EBITDA compared to last year. Following the strong performance, the company also raised its full-year guidance.
The bookbuilding process for the stake sale will close on August 29, 2025, with final pricing and terms to be announced soon. Settlement is expected around September 3, 2025. ADNOC confirmed that its remaining shares in ADNOC L&S will be subject to a six-month lock-up period after the sale.
