ADNOC Logistics & Services became the fourth ADNOC Group company to enter the MSCI Emerging Markets Index, effective 25 November this year.
MSCI EM Index is the leading benchmark for institutional investors tracking large and mid-cap companies across 24 emerging market countries.
ADNOC L&S gains MSCI inclusion
According to estimates, inclusion in the MSCI Emerging Market Index is expected to attract over US$200 million in passive capital inflows.
The other ADNOC Group companies that are part of the MSCI Emerging Markets Index are ADNOC Distribution, ADNOC Drilling, and ADNOC Gas.
The inclusion was made possible after ADNOC’s successful US$317 million secondary offering in August, which raised the company’s free float to approximately 22 per cent and quadrupled average daily trading volumes.
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. It was still oversubscribed approximately seven times, one of the highest levels recorded for a regional secondary offering and reflected strong investor confidence in ADNOC L&S’s strategic direction, financial resilience, and long-term growth outlook.
Captain Abdulkareem Al Masabi, CEO of ADNOC L&S, commented: “Our inclusion in the MSCI Emerging Markets Index is a strong endorsement of ADNOC L&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.”
ADNOC L&S currently has 23 newbuild vessels under construction, with deliveries scheduled through 2028. This expansion is projected to generate over US$10 billion in long-term revenue. Together with over US$26 billion in long-term contracted revenue, the company offers strong future earnings visibility underpinned by ADNOC’s integrated value chain and global growth.
For 2025, ADNOC L&S has announced full-year dividend guidance of US$325 million, nearly 20 per cent higher than 2024. The company is targeting cumulative dividends of US$2.2 billion by 2030.
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