Expect More Oil And Gas IPOs In The Middle East ...Middle East

Global interest in oil and natural gas related assets is still high, maybe even higher than ever before. In a statement made by Abu Dhabi’s national oil company ADNOC, the company stated that it had raised $2.5 billion from the initial public offering of its gas business. Until now, this is the biggest listing of 2023, showing that the Middle East, especially the UAE, Qatar and Saudi Arabia, are in the spotlights of international finance. ADNOC also reiterated that the IPO has been 50X oversubscribed, as more than $124 billion worth of orders…

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