Ooredoo launches a global secondary offering to sell 5.01% of its shares owned by Abu Dhabi Investment Authority

17-11-2025

Ooredoo Q.P.S.C. announced the launch of a secondary global offering of its ordinary shares, which will be sold by the Abu Dhabi Investment Authority (ADIA), holding nearly 10% of the company's shares. Ooredoo itself is not offering any shares in this offering. The offering will involve the sale of up to 160,480,320 shares (5.01% of Ooredoo's share capital) by ADIA. The price range for the shares is between QAR 12.40 to QAR 13.00 per share. The final offer price will be determined through a bookbuilding process, with an announcement expected on November 19, 2025. The subscription period will begin on November 18, 2025, and close on November 19, 2025, with the potential for acceleration at ADIA's discretion. The first day of trading is anticipated for November 20, 2025, and settlement is expected on November 24, 2025. The offering will be available to institutional investors outside the US, qualified institutional buyers in the US, and qualified investors in Qatar, but not to the general public. Ooredoo will not receive any proceeds from the sale, and the offering will not dilute existing shareholders' ownership. The purpose of the offering is to allow ADIA to sell part of its stake, increase liquidity in Ooredoo's shares, and enhance its international profile. There will also be a 180-day lock-up period for ADIA (if it retains shares) and a 90-day restriction on the company regarding share issuance or related transactions after the offering's closing date.