ADNOC raises $2.8bn from ADNOC Gas offering

ADNOC completes $2.84 billion offering of shares in its gas unit
United Arab Emirates energy giant Abu Dhabi National Oil Co (ADNOC) said early on Friday it completed a $2.84 billion marketed offering in its unit ADNOC Gas.
ADNOC Closes $2.84 Billion Share Sale in Gas Unit
ADNOC has finalized a $2.84 billion share sale in its gas unit, marking the largest share placement in the Middle East and North Africa since Aramco's secondary offering and furthering ADNOC's strategic objectives for diversification and market liquidity.
Adnoc raises $2.8bn from Adnoc Gas offering on strong institutional investor demand
Abu Dhabi's Adnoc raised about Dh10.4 billion ($2.84 billion) from the sale of 3.1 billion shares in Adnoc Gas on “exceptional” demand from Gulf and international institutional investors. The marketed offering,
UAE's ADNOC completes $2.84bln offering of shares in its gas unit
DUBAI - United Arab Emirates energy giant Abu Dhabi National Oil Co (ADNOC) said early on Friday it completed a $2.84 billion marketed offering in its ADNOC Gas unit. The offering was priced at 3.40 dirhams per share, ADNOC added in a statement.
Adnoc Sells $2.84 Billion of Shares in Gas Subsidiary
The move is to increase Adnoc Gas’s free float and paves the way for the subsidiary’s inclusion in share indexes.
Adnoc plans to sell 4% stake in Adnoc Gas to raise capital
Adnoc, the top shareholder in Adnoc Gas, has said it plans to sell part of its stake in the subsidiary to institutional investors as it looks to improve liquidity and raise capital. The Abu Dhabi-based energy company will offer about 3.
ADNOC completes $2.84bn offer of shares in gas subsidiary
Abu Dhabi National Oil Company (ADNOC) has completed its marketed offering of ADNOC Gas shares, raising gross proceeds of around $2.84bn (Dh10.43bn). The offering involved 3.1 billion ordinary shares,
ADNOC Gas Raises $2.84 Billion in Landmark Share Offering
DubaiAbu Dhabi National Oil Company has successfully completed a $2.84 billion share offering in its subsidiary, ADNOC Gas. The sale involved approximately 3.1 billion shares, priced at 3.40 dirhams each,
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ADNOC Gas Delivers Record $2.84 Billion Placement
ADNOC achieved what it said is the biggest placement on the Abu Dhabi exchange, raising about $2.84 billion from issuing 3.1 billion shares in its integrated gas processing arm to institutional ...
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Abu Dhabi's ADNOC to Boost Liquidity of Gas Business
ADNOC has launched a share offering of 4% of its ADNOC Gas business to boost liquidity and the free float of its gas unit.
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Abu Dhabi’s Adnoc Seeks $2.8 Billion in Gas Unit Stake Sale
Abu Dhabi’s state energy company is seeking to raise 10.4 billion dirhams ($2.84 billion) from a secondary offering in its ...
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Khaled praises Adnoc’s efforts to set new benchmarks in sustainable growth
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UAE energy giant ADNOC to inaugurate new state-of-the-art service station in New Cairo in 2025
UAE’s energy giant ADNOC Distribution plans to open a new state-of-the-art service station in New Cairo in 2025, featuring an ...