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.
Qatar said mediators were making progress in efforts to end the U.S.-Iran war on Tuesday, driving oil prices lower, although Tehran has denied President Donald Trump's assertion that talks are already under way.
Saudi oil giant Aramco announced Tuesday a 44% surge in net profit for the second quarter compared to the same period last year, driven by soaring crude prices amid the war in the Middle East.
Saudi Arabia, Russia and five other OPEC+ members meeting online Sunday agreed to raise oil production quotas for September, even as war rages across the Middle East.
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