ADNOC Gas has officially been included in the MSCI Emerging Markets Index, becoming the third ADNOC stock to enter this prestigious global benchmark, which features the foremost publicly listed companies from 24 emerging market nations.
ADNOC Gas will represent the largest addition to the Index by market capitalization, joining ADNOC Distribution and ADNOC Drilling, which were incorporated into the benchmark in 2021 and 2024, respectively. This inclusion follows the company’s successful $2.8 billion (AED10.3 billion) marketed offering of 3.1 billion shares in February, which expanded the public share availability by 80 percentand enabled the stock to meet essential eligibility criteria for entry into the Index.
This achievement signifies a crucial milestone in ADNOC Gas’s continuous efforts to enhance its global investment profile, attract a wider and more diverse investor base, and improve share liquidity, the Emirates News Agency (WAM) reported.
Elevating global investment profile
By being included in the MSCI Index, the three ADNOC Group companies collectively elevate both ADNOC’s and the Abu Dhabi Securities Exchange’s (ADX) global investment profile, while also enhancing liquidity in the UAE market and further solidifying the UAE’s appeal as an attractive destination for foreign investment. Similar to the additions of ADNOC Distribution and ADNOC Drilling to the Index, ADNOC Gas experienced a notable surge in trading on the final day prior to its index inclusion, drawing in $462.8 million (AED1.7 billion) in capital inflows.
The inclusion of ADNOC Gas in the Index also represents another significant milestone in ADNOC’s commitment to boosting the growth of the UAE’s capital market, which began in 2017 with the public listing of ADNOC Distribution on the ADX. Since that time, ADNOC has introduced five additional subsidiaries to the public market, currently boasting a combined market cap of approximately $138.3 billion (AED508 billion). ADNOC’s expanding portfolio of listed companies is creating enticing opportunities for global investment in the UAE, further integrating the UAE’s capital markets into the global financial ecosystem.
