The Abu Dhabi Investment Authority (ADIA) plans to sell around half of its stake in Ooredoo Group, aiming to raise additional capital through the Qatar Stock Exchange. Reuters reports that ADIA will offload 160.5 million shares, reducing its ownership to approximately 5%. The transaction is expected to generate between QAR1.99 billion and QAR2.09 billion (US$546–572 million).
Ooredoo CEO Aziz Aluthman Fakhroo said the move—considered the first of its kind in Qatar—will expand the operator’s shareholder base and increase liquidity in its publicly traded shares. Ooredoo currently operates in nine markets across the Middle East, Southeast Asia, and North Africa. The company recorded QAR3.1 billion in net profit during the first nine months of the year, reflecting 6% year-on-year growth.
