ADNOC Drilling Set for MSCI Index Addition in August

ADNOC Drilling is poised to be included in the MSCI Emerging Markets Index this month, marking a significant milestone for the UAE-based energy giant. The inclusion follows a substantial increase in the company’s free float, which now stands at 16.5%, thanks to the recent placement of 880 million shares, raising approximately $935 million.

This development is expected to enhance ADNOC Drilling's visibility among global investors and boost the stock's liquidity as it becomes part of MSCI's globally tracked indices. The company's CEO, Abdulrahman Abdulla Al Seiari, emphasized that this achievement underscores ADNOC Drilling's commitment to operational excellence and investor focus.

The MSCI Emerging Markets Index, which ADNOC Drilling will join, covers large and mid-cap companies across 24 emerging markets, making it a critical benchmark for global investors. The inclusion is anticipated to attract both passive and active investments, further solidifying ADNOC Drilling's position in the global market.

ADNOC Drilling’s strong financial performance and strategic growth initiatives have positioned the company well for this next phase of expansion, with the MSCI inclusion being a testament to its growing influence in the energy sector.