Adnoc attracted strong demand from both regional and international investors for its latest offering.
The company said the transaction marked one of the highest levels of oversubscription seen in a secondary offering in the region.
The deal raises Adnoc’s free float to around 22 percent and paves the way for potential inclusion in the MSCI index.
Khaled Al Zaabi, Adnoc’s Group Chief Financial Officer, said: “This offering reinforces our commitment to delivering long-term value for shareholders and supports the execution of our broader strategy to achieve index inclusion of our listed companies.”
Adnoc L&S debuted on the Abu Dhabi Securities Exchange in 2023, raising $769 million in one of the year’s largest initial public offerings.
In the first half of 2025, the company posted a record quarterly net profit of $236 million, up 14 percent year on year.
Revenue for the second quarter increased 40 percent to $1.3 billion, driven by strong performances across its shipping and offshore services divisions.
