Adnoc Logistics & Services (Adnoc L&S) announced its inclusion in the MSCI Emerging Markets Index, a leading benchmark for institutional investors tracking large and mid-cap companies across 24 emerging market countries. The inclusion is effective from November 25, 2025.
This milestone follows Adnoc’s successful
$317 million (AED1.16 billion) secondary offering in August, which raised the
Company’s free float to c.22 per cent and quadrupled average daily trading volumes, reported WAM.
The offering
significantly broadened the company’s institutional investor base, laying
the foundation for enhanced index visibility.
It was approximately
seven times oversubscribed, one of the highest levels recorded for a regional
secondary offering, underscoring strong investor confidence in Adnoc L&S’s
strategic direction, financial resilience, and long-term growth outlook.
The offering was
priced at AED5.25 per share, reflecting the tightest discount of 3.33 per cent for a
secondary sell-down in the region.
According to broker
estimates, inclusion in the MSCI Emerging Market Index is expected to attract
over $200 million (AED734 million) in passive capital inflows, further
supporting stock liquidity and global access.
Abdulkareem Al Masabi,
CEO of Adnoc L&S, said: “Our inclusion in the MSCI Emerging Markets Index is a strong
endorsement of Adnoc L&S’s transformation into a globally recognised, energy maritime
logistics champion. This milestone reflects growing investor confidence,
enhances access to international capital, and supports our strategy to scale
operations, unlock diversified revenue streams, and deliver superior, long-term
shareholder returns.”
With this inclusion, Adnoc L&S will
become the fourth Adnoc Group company to be included in the MSCI Emerging Markets Index,
joining Adnoc Distribution, Adnoc Drilling, and Adnoc Gas, further reinforcing Adnoc’s growing
presence across global capital markets.
Since its IPO, Adnoc L&S has
delivered a total shareholder return approaching 200
per cent, supported by robust
revenue and EBITDA growth.
All 18 covering analysts currently maintain Buy ratings for the Adnoc L&S stock, reflecting strong market confidence in its strategy and performance.
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