The offering witnessed an exceptional demand from investors, exceeding the target value by nearly seven times, one of the highest rates seen in secondary offerings in the region, reflecting investors’ strong confidence in the company’s strategic direction, robust financial position, and future growth prospects.
This transaction will enhance the liquidity of ADNOC Logistics & Services’ shares by increasing the free float from 19% to approximately 22%, diversifying its shareholder base by attracting a larger number of institutional investors, and expanding the company’s presence in the Abu Dhabi Securities Exchange. This paves the way for the company’s potential inclusion in the Morgan Stanley Capital International (MSCI) index during the upcoming quarterly review, solidifying its position among global investors.
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