ADNOC Logistics and Services (ADNOC L&S), the global energy maritime logistics arm of ADNOC, has successfully completed a $317 million institutional share placement. The transaction involved approximately 222 million shares, representing 3% of ADNOC L&S’s total share capital.
The placement drew overwhelming demand, being nearly seven times oversubscribed, one of the strongest levels recorded for a regional secondary offering. The outcome highlights investor confidence in ADNOC L&S’s strategy, financial resilience, and growth outlook.
Stronger market position and global profile
Following the offering, ADNOC L&S’s free float has risen from 19% to 22%, significantly boosting liquidity on the Abu Dhabi Securities Exchange (ADX). The expanded shareholder base also enhances the company’s chances of inclusion in the MSCI Index in the upcoming quarterly review, further raising its international visibility.
Captain Abdulkareem Al Masabi, CEO of ADNOC L&S, commented:
“We are delighted to welcome our new shareholders and grateful for the trust placed in ADNOC L&S. This placement underscores the strength of our business, the resilience of our operating model, and the confidence the market has in our long-term strategy. As we celebrate 50 years of maritime excellence, we remain focused on executing our growth strategy, driving innovation, and creating sustainable shareholder value.”
Growth momentum and strategic expansion
With over $26 billion in forward-contracted revenues secured across its Integrated Logistics, Shipping, and Services segments, ADNOC L&S is positioned for sustained profitability. Its ongoing fleet expansion, including new LNG carriers and Very Large Ethane Carriers (VLECs), supports ADNOC’s wider global growth ambitions and energy transformation goals.
Despite being formally established only a few years ago through the consolidation of ADNOC’s maritime and logistics assets, ADNOC L&S builds on a 50-year legacy of operational excellence. ADNOC retains a strategic 78% stake in the company, reinforcing its long-term commitment.
The company’s latest financial results underline its momentum: Q2 2025 revenue rose 40% year-on-year to $1.26 billion, EBITDA increased 31% to $400 million, and net profit climbed 14% to $236 million.
