Ooredoo has nudged the doors of the public market a little wider. The telecom giant confirmed that the global secondary sale of shares recently offloaded by the Abu Dhabi Investment Authority has officially crossed the finish line.
More than 160 million shares were ushered through an accelerated, fully marketed bookbuild — a fast-paced financial relay that wrapped up with the settlement hitting the Qatar Stock Exchange.
With this move, Ooredoo’s free float rises from roughly 22% to a sturdier 27%, opening more room for public investors to step in. ADIA, after parting with half of its earlier 10% stake, now sits on just under 5% of the company, which continues to be traded both in Qatar and on the Abu Dhabi Securities Exchange.
No frills, no fanfare — just a quiet reshaping of the shareholder map, and a little more oxygen for the stock.
