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.
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