The Abu Dhabi Investment Authority (ADIA) is set to sell 160.5 million shares in Qatari telecom giant Ooredoo, roughly half of its current holding, in a landmark secondary share offering valued between QAR 1.99 billion and QAR 2.09 billion ($546–$572 million).
Ooredoo, which operates across the Middle East, North Africa, and Southeast Asia, reported a 6% rise in net profit to QAR 3.1 billion for the first nine months of 2025, with revenue up 3% year-on-year © Mena Today
The Abu Dhabi Investment Authority (ADIA) is set to sell 160.5 million shares in Qatari telecom giant Ooredoo, roughly half of its current holding, in a landmark secondary share offering valued between QAR 1.99 billion and QAR 2.09 billion ($546–$572 million).
The offer price range has been set between QAR 12.4 and QAR 13 per share.
ADIA, one of the world’s largest sovereign wealth funds, currently owns 10% of Ooredoo. The company will not receive proceeds from the sale.
Ooredoo, which operates across the Middle East, North Africa, and Southeast Asia, reported a 6% rise in net profit to QAR 3.1 billion for the first nine months of 2025, with revenue up 3% year-on-year.
The deal is being coordinated by Citi, HSBC, and Qatar National Bank, with books opening on November 18, pricing on November 19, and trading set to begin November 20.
French President Emmanuel Macron arrived in the United Arab Emirates on Sunday to spend Christmas with French troops deployed abroad and to highlight France’s strategic partnership with the Gulf state.
The Emirates Drug Establishment has approved Itvisma (onasemnogene abeparvovec), a gene therapy for the treatment of spinal muscular atrophy (SMA) in eligible adults and children aged two and above.
Qatar has once again confirmed its position among the world’s most prosperous nations, ranking sixth globally in the 2025 list of the richest countries by GDP per capita adjusted for purchasing power parity (PPP), according to Forbes India.
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