Adia is considering a partial sale of its stake in Ooredoo, aiming to raise $600M. Market conditions will shape the deal as the telco posts steady growth.
The Abu Dhabi Investment Authority (Adia) is considering selling part of its shareholding in Qatari telecom operator Ooredoo, according to reports citing unnamed sources familiar with the matter. The sovereign wealth fund is said to be targeting between $500 million and $600 million from the potential sale.
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Adia currently holds a 10% stake in Ooredoo, valued at approximately $1.26 billion, the report noted. Discussions are ongoing, and the timing and scale of any transaction will depend on market conditions.
Ooredoo’s ownership structure is dominated by Qatar Investment Authority and the General Retirement and Social Insurance Authority, which jointly hold about 68% of the company. The remainder is publicly traded on the Qatar Stock Exchange, where the stock closed at QR14.3 on Thursday, up 22% over the past year.
Financially, the company reported QAR18.2 billion ($4.9 billion) in revenue for the first nine months of 2025, a 3% year-on-year increase. Net profit rose 6% to QAR3.1 billion during the same period. Ooredoo also updated its dividend policy, raising its target payout ratio from 40–60% to 50–70% of normalised net profit.
The potential stake sale comes as Adia remains active in global markets. Earlier this month, a joint venture between Adia and Greece’s Landmark Properties sold eight student housing assets in major U.S. university locations for more than $1 billion. In October, a subsidiary of the fund joined Blackstone and TPG in acquiring U.S. medical diagnostics company Hologic in an $18.3 billion deal.
Why Ooredoo Stake Sale Matters to MENA
The Ooredoo Stake Sale signals shifting capital strategies among major Gulf sovereign wealth funds at a time when MENA telecom markets are consolidating and expanding digital infrastructure. Telecom operators in the region are entering a new phase of competition driven by 5G, cloud migration, and cross-border data regulation. A move by Adia, one of the world’s largest sovereign funds could influence investor sentiment, liquidity flows, and valuation trends across Gulf telcos.
For policymakers and investors, the potential sale underscores how MENA investment giants are rebalancing portfolios to capture higher-growth opportunities abroad while regional firms like Ooredoo strengthen their payout policies and operating performance.
