Overview
- ADNOC will retain ownership and operational control of the gas pipeline network following KKR’s investment.
- KKR and ADNOC did not disclose the deal value or the exact size of the minority stake.
- KKR said the stake was acquired through managed accounts designed to deliver long-duration income.
- The ADNOC unit is reported to operate 38 gas pipelines and two export terminals across the UAE.
- The investment builds on KKR’s regional push, including a 2019 ADNOC pipelines deal with BlackRock and a 2025 stake in Gulf Data Hub, as David Petraeus chairs its Middle East operations.