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.
The Dubai Financial Services Authority (DFSA) has announced the reopening of Nasdaq Dubai, effective Wednesday, March 4, 2026, at 10:00 am Gulf Standard Time, following a period of closure amid the regional conflict convulsing the Middle East.
Qatar has carried out strikes against Iran over the past 24 hours in direct retaliation for Tehran's attacks across the Gulf, Israel's Channel 12 reported Monday, citing unnamed Western sources familiar with the matter.
Iran's ongoing conflict with the U.S. and Israel has led to sporting events being postponed in several countries, while competitions elsewhere have been hit by travel disruption, with thousands of flights cancelled in some of the world's busiest transit hubs.
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