The offering comprises 3,837,571,100 shares split into three tranches:
First Tranche (1): Open to individual subscribers and other investors who do not qualify as Professional Investors. A NIN with ADX and bank account number is required for applying for shares. 12% of the Offer Shares, representing up to 460,508,532 Shares, are allocated to the First Tranche.
Second Tranche (2): Open to all Professional Investors. All Subscribers in the Second Tranche must hold a NIN with ADX. 84% of the Offer Shares, amounting to up to 3,223,559,724 Shares are allocated to the Second Tranche
Third Tranche (3): Open to natural persons (including Assessed Professional Investors (as described under the Second Tranche)), who have a bank account and do not participate in the First Tranche and who are:
- Relevant individuals employed by any of the ADNOC Group Companies residing in the UAE (“ADNOC Group Companies Employees”); or
- Retired employees of the ADNOC Group Companies who are UAE nationals and residing in the UAE (“UAE National Retirees”)
4% of the Offer Shares, representing 153,502,844 Shares are allocated to the Third Tranche.