ADNOC To List Drilling Unit In Large IPO ...Middle East

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ADNOC To List Drilling Unit In Large IPO
source : OILPRICE ( Middle East ) () 6
ADNOC Drilling, the unit of Abu Dhabi National Oil Company (ADNOC), intends to list at least 7.5 percent of its shares in an initial public offering that could become of the largest share sales in the United Arab Emirates (UAE). ADNOC Drilling said on Monday that it planned to list 7.5 percent of shares in the company on the Abu Dhabi Securities Exchange (ADX) through an IPO, aiming to raise capital and create a broader investor base, as well as supporting the growth and expansion of the UAE’s private sector and capital markets.   The…

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