{"id":107007,"date":"2025-08-29T00:00:00","date_gmt":"2025-08-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/adnoc-takes-additional-3-stake-in-adnoc-ls-to-market\/"},"modified":"2025-08-29T00:00:00","modified_gmt":"2025-08-29T00:00:00","slug":"adnoc-takes-additional-3-stake-in-adnoc-ls-to-market","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/08\/29\/adnoc-takes-additional-3-stake-in-adnoc-ls-to-market\/","title":{"rendered":"Adnoc takes additional 3% stake in Adnoc L&S to market"},"content":{"rendered":"

Adnoc pulls the trigger on Adnoc L&S follow-on offering: <\/strong>Adnoc is selling an additional 3% stake in Adnoc Logistics and Services (Adnoc L&S), through a bookbuilding kicking off yesterday, state news agency Wam<\/a> reports. Adnoc is said to be seeking AED 1.2 bn (USD 328 mn) from the sale, Bloomberg<\/a> reports, citing a term sheet it had seen. <\/p>\n

Strong demand: <\/strong>The offering, which comprises 222 mn ordinary shares and is restricted to institutional investors in and outside of the UAE, was fully covered with demand exceeding the offer size. Pricing and final allocation are expected to be out today after the close of the bookbuilding process, with settlement set for early next week. Adnoc also committed to a six-month lockup period for shares not sold in the offering from the first day of trading.<\/span><\/p>\n

The sale will boost liquidity and diversify the shareholder base, supporting <\/strong>Adnoc L&S\u2019 potential inclusion in the MSCI Emerging Market Index.<\/strong> The offering will bring the issuer\u2019s total freeflloat to 22%, up from the current 19%. The firm IPOed in 2023, raising USD 769 mn<\/a>. <\/p>\n

REMEMBER- Adnoc also sold an additional 4% stake in Adnoc Gas earlier this year<\/strong> for USD 2.8 bn, bringing freefloat up and paving the way for its inclusion in the MSCI Emerging Market Index<\/a> and FTSE\u2019s All-Cap, Large-Cap, All-World, and Total-Cap Indices<\/a>. <\/p>\n

Adnoc L&S had a good 1H: <\/strong>The firm\u2019s bottom line rose 5% y-o-y to USD 420 mn in 1H 2025<\/a>, while its top line went up 40% y-o-y to USD 2.4 bn for the same period. The full-year guidance was raised with net income expected to post \u201clow to mid double digit y-o-y growth.\u201d Meanwhile, each of the 16 international financial institutions that cover the firm have issued a \u201cstrong buy\u201d or \u201cbuy\u201d recommendation for the company. <\/p>\n

ADVISORS-<\/strong> Adnoc tapped First Abu Dhabi Bank, JP Morgan Securities, International Securities, BOCI Asia, and China International Capital Corporation Hong Kong Securities as joint global coordinators and joint bookrunners for the offering.<\/p>\n

The news was also picked up by <\/strong>Reuters<\/a><\/strong>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Some 222 mn existing shares are being offered to institutional investors in and out of the UAE<\/p>\n","protected":false},"author":1,"featured_media":107008,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1547],"tags":[57,2269,29,7],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-107007","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-capital-markets","tag-adnoc","tag-adnoc-logistics-and-services","tag-capital-markets","tag-enterpriseam-uae","wpautop","entry"],"acf":{"mongo_id":"766797e4-cdae-4a45-b925-983cdcd39aba","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/163.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Adnoc takes additional 3% stake in Adnoc L&S to market, seeking USD 328 mn","related_issue":[107002],"teaser":"Some 222 mn existing shares are being offered to institutional investors in and out of the UAE","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/8\/.37e4bff4-90a9-4397-8129-0dcca44231b1.mp3"},"yoast_head":"\nAdnoc takes additional 3% stake in Adnoc L&S to market - 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