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.
Saudi Arabia has decided to postpone its flagship investment conference until next year, organizers confirmed in a statement on Monday, following deadly attacks which rocked the kingdom in recent weeks as the Middle East conflict widens, disrupting business.
Organisers insist the Future Investment Initiative (FII) will open in Riyadh on October 26. After a week of Houthi attacks on the capital's airport, few expect it to.
Prolonged war in the Middle East and further disruptions to energy production, shipping routes or critical infrastructure pose the biggest risk to economies in the Middle East and Central Asia, the International Monetary Fund said on Thursday.
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