UAE-listed ADNOC Logistics & Services plc (ADNOC L&S) will be formally added to the MSCI Emerging Markets Index on 25 November 2025, a move expected to significantly boost the company’s global profile and investor appeal.
The inclusion comes after a successful secondary offering in August, through which the company raised US$317 million and increased its free float to around 22%. The offering was oversubscribed nearly seven times and came at a tight discount of just 3.33% one of the strongest in the region.
Analysts estimate the index inclusion could attract more than US$200 million in passive capital inflows, strengthening ADNOC L&S’s liquidity and broadening its institutional investor base.
Captain Abdulkareem Al Masabi, CEO of ADNOC L&S, said: “Our inclusion in the MSCI Emerging Markets Index is a strong endorsement of ADNOC L&S’s transformation into a globally recognized, energy maritime logistics champion.
"This milestone reflects growing investor confidence, enhances access to international capital, and supports our strategy to scale operations, unlock diversified revenue streams, and deliver superior, long-term shareholder returns.”
With this move, ADNOC L&S becomes the fourth entity under the broader ADNOC Group umbrella to enter the MSCI Emerging Markets Index, joining the ranks of ADNOC Distribution, ADNOC Drilling and ADNOC Gas.
ADNOC L&S has a strong backlog of long-term contracted revenue (in excess of US$26 billion) and is engaged in the construction of 23 new-build vessels scheduled for delivery through 2028, which are expected to generate more than US$10 billion in incremental revenue.
Market observers note that inclusion in a key benchmark such as MSCI’s index often results in greater exposure to global funds, improved share liquidity and stronger pricing dynamics.
For the UAE capital markets, the addition of another home-grown company to this index signals growing international investor recognition of the region’s listed logistics and energy-services sector.
As ADNOC L&S prepares for the effective inclusion date, it appears well-positioned to ride a wave of increased foreign interest, leveraging the heightened visibility to support its strategic growth ambitions.