Crédit Agricole CIB acted joint bookrunner in the landmark transaction of ADNOC Logistics & Services

The record-breaking UAE Public Offering of ADNOC Logistics & Services saw total investor demand of over $125 billion – implying an oversubscription level of 163 times, the highest-ever level for a UAE bookbuild IPO.

The final offer price of AED 2.01 per share results in proceeds of $769 million. This means that ADNOC IPOs have raised more than $8 billion, supporting the ambitious growth strategy and reinforcing the UAE’s position as a global investment destination of choice.

As a global maritime energy logistics leader, and critical enabler of the UAE’s supply of energy to the world, the company has a successful track record of delivering powerful growth.
This transaction confirms the sustainable ECM deal flow in the MENA region and represents the first IPO mandate in the UAE for CACIB, highlighting the development of our MENA franchise.