Adnoc, the majority shareholder of 90 per cent of Adnoc Gas shares, plans to offer 3.1 billion of its issued and outstanding shares, representing 4 per cent of the company's total.

The offering is open to qualified institutional and other investors in various countries, including the UAE. The final number of shares and offering price will be determined at the bookbuild process.

On the IPO launch, Adnoc Group Chief Financial Officer Khaled Al Zaabi said: "Since its IPO in March 2023, Adnoc Gas has consistently delivered strong growth, robust financial performance and superior shareholder returns."

"As a world-class integrated gas processing company, Adnoc Gas is ideally positioned for further expansion as the company will continue to supply a majority of the domestic market, while pursuing an ambitious growth strategy," stated Al Zaabi.