Prime Highlights:
- Adnoc Gas will be included in the FTSE Emerging Index on September 22, 2025.
- The move is expected to draw in over $250 million in new investmentsand boost its global visibility.
Key Facts:
- Adnoc Gas entered the stock market in March 2023with an IPO that valued the company at about $50 billion.
- In February 2025, the company raised $2.84 billionthrough a share sale, increasing its free float by 80%.
Key Background:
Adnoc Gas from Abu Dhabi will join the FTSE Emerging Index on September 22, 2025. This is expected to bring in over $250 million in investments and make the company more visible to international investors.
This move follows Adnoc Gas’ earlier entry into the MSCI Emerging Markets Index in June and is part of the company’s plan to attract more shareholders and improve trading activity on the Abu Dhabi Securities Exchange (ADX). The FTSE Emerging Index, part of the FTSE Russell Global Equity Index Series, is widely followed by global investors and tracks large and mid-cap companies from emerging markets.
Fatema Mohamed Al Nuaimi, CEO of Adnoc Gas, said: “Joining the FTSE Emerging Index is a strong recognition of our solid fundamentals and consistent delivery on strategy. It strengthens our aim to diversify our investor base, boost liquidity, and elevate our global investment profile. Joining the MSCI index demonstrates that investors have confidence in our growth plans. With strategic projects worth $20 billion and a goal to grow EBITDA by more than 40% by 2029, we aim to create long-term value for our shareholders.
Adnoc Gas began trading on the ADX in March 2023 at Dh2.37 per share, giving the company an estimated market value of about $50 billion. The IPO of Adnoc Gas was the biggest in ADX history and saw huge demand, with investors applying for more than 50 times the shares available.
In February 2025, the company sold $2.84 billion worth of shares, about 4% of its total shares, which increased the number of shares available for trading by 80%. Prior to this sale, the Adnoc Gas stocks were selling at Dh3.58, representing a 43 percent increase over the IPO price. The firm continues to own a majority of 86 percent.
With a net income of 5 billion in 2024, and the company’s intention to acquire Ruwais LNG, analysts believe that inclusion in the FTSE Emerging Index will enhance liquidity and attract additional investors.
