ADNOC has completed an AED 1.16 billion share placement for ADNOC L&S, enhancing liquidity and supporting its strategy for MSCI index inclusion.

Information on the Target

Abu Dhabi National Oil Company Logistics & Services plc (ADNOC L&S) is a leader in integrated energy maritime logistics and shipping. The company provides essential services across the entire value chain of ADNOC and to over 100 global customers in more than 50 countries. With a robust fleet consisting of over 340 owned vessels and an annual charter of over 600, ADNOC L&S ensures a reliable, cost-effective, and sustainable energy flow to global markets.

Since its IPO in June 2023, ADNOC L&S has demonstrated consistent financial and operational performance, realizing a total shareholder return exceeding 170%. The company is poised for continued growth, supported by long-term contracted revenues amounting to AED 95.5 billion and an impressive portfolio of forward contracts totaling over 960 years, providing strong visibility and resilience in its business operations.

Industry Overview in the UAE

The maritime logistics and shipping industry in the UAE has seen substantial growth, bolstered by the nation's strategic geopolitical location and robust economic development. The UAE see