Adnoc completes Dhs1.16 billion placement of Adnoc L&S shares

Abu Dhabi National Oil Company (Adnoc) announced that it has successfully completed a placement to institutional investors of c.222 million shares in Adnoc Logistics & Services plc (Adnoc L&S), representing approximately 3% of the Company's issued share capital.

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The offering highlights Adnoc’s continued focus on driving long-term shareholder value and execution of its strategy to achieve MSCI index inclusion for its listed companies.

The transaction improves the liquidity in Adnoc L&S's shares by increasing its free float to c.22% and further diversifies the Company's investor base.

The offering is expected to pave the way for potential MSCI indexation, increasing international and domestic investor awareness of Adnoc L&S's differentiated proposition as leader in global energy maritime logistics.

Adnoc L&S has seen impressive growth since listing on the ADX in June 2023, delivering a consistently strong financial and operating performance with total shareholder return (TSR) in excess of 170%.

In the first half of 2025, the company reported record results with revenue increasing 40% year-on-year and EBITDA growing 26% to Dhs2.7 billion, having reached EBITDA of Dhs4.2 billion in 2024, doubling since the time of its IPO, demonstrating the value of the Company's strategic diversification and resilient business model.