ADNOC Gas, Salik and DEWA Included in MSCI EM Index

ADNOC Gas, a world-class integrated gas processing and sales company, on Wednesday said that its shares have been selected for inclusion in the MSCI Emerging Markets Index after meeting the MSCI’s established eligibility criteria. The inclusion will take effect on 2 June 2025.

Besides ADNOC Gas, two other companies – Dubai Electricity & Water Authority (DEWA) and Salik in the UAE – and Sichuan Biokin Pharmaceutical A (HK-C) (China) – were also added to the list. These largest additions to the MSCI Emerging Markets Index are measured by full company market capitalisation.

The MSCI Emerging Markets Index serves as a benchmark for the performance of prominent large and mid-cap publicly listed companies in 24 emerging market countries. ADNOC Gas becomes the third ADNOC company to be admitted to the Index, and its inclusion marks a significant milestone in the Company’s ongoing efforts to enhance its global investment profile.

In its Equity Indexes May 2025 Index Review, the MSCI said that in the Global Standard Indexes, 30 securities will be added to and 61 securities will be deleted from the MSCI ACWI Index. The three largest additions to the MSCI World Index measured by full company market capitalisation will be Ryanair Holdings (Ireland), Sigma Healthcare (Australia) and International Airlines Group (Spain).

The development is set to increase the Company’s visibility among international institutional investors, which could improve passive cash inflows by between $300 million and $500 million and facilitate a more diversified investor base.

ADNOC GAS CEO Fatema Mohamed Al Nuaimi said that they were delighted that ADNOC Gas has been included in the MSCI Emerging Market Index. The inclusion supports the company’s ambition to attract a broader and more diversified base of institutional investors and should drive greater liquidity in ADNOC Gas stock.

“The recent $2.84 billion marketed offering, which increased the Company’s free float by 80%, has already led to a sixfold rise in average daily trading volume, and we are confident that our continued strategic focus on growth will deliver further value for shareholders through 2025 and beyond,” she added. 

Strategic Growth

ADNOC Gas’ exceptional performance since its 2023 listing is a result of disciplined execution of its growth strategy, which includes a commitment to invest $15 billion in attractive opportunities from 2025 to 2029.

The Company has a robust pipeline of growth initiatives, including major projects aimed at enhancing its position as a leading global supplier of gas. The strategy aims to deliver a 40% increase in EBITDA between 2023 and 2029, supported by a diversified portfolio of projects designed to maximize value creation.

With greater exposure to institutional investors, ADNOC Gas is well-positioned to benefit from increased liquidity, deeper market penetration, and enhanced stock visibility.

ADNOC Gas anticipates that the inclusion should result in higher trading volumes and improved investor engagement, further solidifying the company’s position as a leading energy player in the global market.

Additionally, ADNOC Gas’ efforts to increase the free float, along with its growing strategic investments, should support its long-term goal of enhancing shareholder returns.

The MSCI UAE Index, which is a component of the MSCI EEMEA Index, is designed to measure

the performance of large and mid-cap segments of the UAE equity market.

Salik’s inclusion in the MSCI UAE Index follows the execution of its updated strategy since its

implementation in 2024. In core tolling, Salik’s proposition has been enhanced by the launch

of two new gates in Dubai, taking the total number of toll gates from eight to ten, and the

introduction of dynamic pricing, which is expected to drive additional revenue for the

business.

Alongside core tolling, Salik is expanding ancillary revenue streams including parking solution partnerships with Emaar Malls and Parkonic, and a first-of-its-kind insurance partnership with Liva, a leading multi-line insurer in the GCC.