ADNOC L&S Welcomes New Shareholders After $317 Million Share Placement, Strengthening Market Position and Paving Way for MSCI Index Inclusion
ADNOC Logistics and Services plc, a leading global energy maritime logistics enterprise, has announced the successful conclusion of a landmark $317 million institutional placement. The transaction involved the sale of approximately 222 million shares by its parent company, ADNOC Group, representing 3% of ADNOC L&S’s total share capital.
The offering attracted exceptional demand from both regional and international investors, being oversubscribed by nearly seven times. This represents one of the strongest levels of subscription ever recorded for a secondary share placement in the region. The outcome underscores robust market confidence in ADNOC L&S’s operational strength, disciplined financial performance, and long-term strategy focused on growth, resilience, and sustainability.
Expanding Free Float and Market Visibility
As a direct result of the placement, ADNOC L&S’s free float has increased from 19% to 22%. This enhancement plays a pivotal role in improving the liquidity of the Company’s shares on the Abu Dhabi Securities Exchange (ADX). Greater liquidity not only benefits existing shareholders by providing them with improved opportunities for trading, but it also broadens the Company’s exposure to a wider pool of institutional investors who seek accessibility and transparency in their investment holdings.
Moreover, the increased free float strengthens the Company’s eligibility for potential inclusion in the Morgan Stanley Capital International (MSCI) Index during the upcoming quarterly review. Such inclusion would mark a significant milestone, positioning ADNOC L&S within a globally recognized benchmark tracked by trillions of dollars in passive and active investments. Index inclusion often leads to greater visibility among international funds, a more diversified investor base, and sustained trading volumes that reflect long-term institutional commitment.
Leadership Perspective
Commenting on the development, Captain Abdulkareem Al Masabi, CEO of ADNOC L&S, expressed gratitude toward new shareholders and reaffirmed the Company’s forward-looking mission.
“We are delighted to welcome our new shareholders and grateful for the trust placed in ADNOC L&S,” Captain Al Masabi said. “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.”
The CEO’s statement reflects ADNOC L&S’s long-standing reputation for operational reliability and its strategic ambition to solidify its role as a partner of choice in the global maritime logistics sector.
Financial Resilience and Contracted Revenue
ADNOC L&S is underpinned by a highly secure revenue base, with more than $26 billion in forward-contracted revenues across its integrated operations. These commitments, secured through contracts with durations adding up to nearly 960 years across its Integrated Logistics, Shipping, and Marine Services divisions, provide a strong foundation for predictable cash flows and sustained profitability.
The strength of these contracts allows ADNOC L&S to support ADNOC’s broader global expansion strategy while simultaneously aligning with the Group’s commitment to energy transition goals. By enabling efficient and reliable transportation and logistics solutions, ADNOC L&S directly contributes to ADNOC’s ambition of remaining one of the world’s most trusted energy providers during a period of significant global transformation.
Fleet Expansion and Service Excellence
The Company’s operational strategy is further bolstered by ongoing fleet expansion, which includes investment in next-generation vessels such as Liquefied Natural Gas (LNG) carriers and Very Large Ethane Carriers (VLECs). These assets are designed to meet growing global energy transport demands while also incorporating sustainability-focused technologies that enhance efficiency and reduce emissions.
Such expansions not only extend the scale and scope of ADNOC L&S’s service capabilities but also strengthen its ability to cater to an increasingly diversified international customer base. With 19 offices worldwide serving more than 100 customers across 50+ countries, ADNOC L&S has positioned itself as a key maritime logistics provider in global energy supply chains.
ADNOC’s Long-Term Commitment
Following the share placement, ADNOC retains a strategic majority ownership of 78% in ADNOC L&S. This continued holding reflects ADNOC’s long-term commitment to supporting the Company’s growth trajectory and ensuring that its vision and operations remain aligned with ADNOC Group’s broader priorities.
The transaction therefore achieves a dual purpose: broadening ADNOC L&S’s shareholder base while simultaneously maintaining ADNOC’s strong strategic influence over the direction of the business. This balance reassures new investors that ADNOC L&S will continue to benefit from the Group’s resources, expertise, and market access while operating with increasing independence as a publicly listed company.
A Legacy of Maritime Excellence
Although ADNOC L&S was formally established only a few years ago through the consolidation of ADNOC’s shipping and logistics operations, it is built upon a rich legacy of nearly five decades in maritime services. This year marks the Company’s 50th anniversary, a milestone that underscores its transformation from a domestic maritime entity into a fully diversified global logistics powerhouse.
Over the years, ADNOC L&S has expanded far beyond its initial scope, developing into a comprehensive provider of integrated logistics solutions, shipping, and marine services. Its ability to evolve while maintaining a strong track record of safety, reliability, and efficiency has been central to its recognition as a trusted partner for both ADNOC Group and a growing roster of international clients.
Strong Financial Performance in 2025
The latest financial results further illustrate ADNOC L&S’s robust trajectory. In the second quarter of 2025, the Company achieved record-breaking results, reporting revenues of $1.26 billion, a 40% year-on-year increase. Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 31% to $400 million, while net profit climbed 14% to $236 million.
These figures reflect ADNOC L&S’s ability to consistently deliver strong operational performance even in a volatile global market environment. The results were driven by higher fleet utilization, expanded service offerings, and disciplined cost management, reinforcing its reputation as one of the region’s most financially resilient logistics companies.
With its expanded free float, strengthened shareholder base, and the prospect of MSCI Index inclusion, ADNOC L&S is well-positioned to attract further investment and deepen engagement with the global capital markets. At the same time, the Company continues to invest in fleet modernization, digitalization, and sustainability initiatives that will support its long-term vision of being a leader in energy maritime logistics.
The combination of ADNOC’s backing, a diversified customer base, and a strong contract portfolio creates a solid foundation for enduring growth. As the energy landscape continues to evolve, ADNOC L&S aims to play a critical role in enabling secure, efficient, and sustainable transport solutions for the decades ahead.