ADNOC to offer 3.1 billion shares of ADNOC Gas

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 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 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.
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 gas business.
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,
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.
UAE's Adnoc to sell 4% stake in Adnoc Gas
UAE energy giant Abu Dhabi National Oil Co (Adnoc) said Thursday it would raise up to $3 billion by selling a 4 per cent stake in its subsidiary - Adnoc Gas. Parent Adnoc will sell about 3.1 billion shares in the offering,
MEED11d
Adnoc awards $7.5bn contracts for Lower Zakum offshore oil project
Adnoc Offshore has selected contractors for the three EPC packages of the project, which aims to raise the oil production ...
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ADNOC Opts for Seagliders for Offshore Energy Crew Transportation
ADNOC L&S will use the all-electric seagliders to transport people to and from offshore energy infrastructure. Seaglider commute times are on par with helicopter times while simultaneously ...
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Adnoc picks three contractors for $7.5 billion-plus UAE offshore megaproject
Adnoc is expanding the capacity of some of its largest offshore oilfields as a part of its P5 programme, which aims to boost oil production capacity by 150,000 barrels per day from current levels ...
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ADNOC Drilling Reports Record Full-Year Results with $1.3 Billion Net Profit
Revenue Surges 32% to Over $4 Billion; EBITDA Reaches Record $2 Billion with 50% Margin4: ADNOC Drilling Company PJSC (“ADNOC ...
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ADNOC secures five-year LNG supply deal with India’s BPCL
"ADNOC secures five-year LNG supply deal with India’s BPCL" was originally created and published by Offshore Technology, ...
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ADNOC’s listed companies targeting continued growth after posting $49.7 billion in combined 2024 revenue
ADNOC Group's publicly traded portfolio companies have delivered robust financial outcomes for the full year of 2024. Together, the six companies reported a total revenue of AED182.4 billion ($49.7 ...
Arabian Business8d
ADNOC Drilling’s fleet of 142 rigs pumps $4.01bn revenue in 2024
Reports all-time high EBITDA of $2.01bn, up 36% and $1.304bn in net profit, up 26%; Issues guidance to touch $5bn revenue in ...
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ADNOC L&S Selects REGENT Seagliders for Offshore Energy Logistics in the UAE
This collaboration leverages a unique and innovative solution to enhance offshore logistics technology. A world leader in the energy maritime logistics industry, ADNOC L&S will use the all ...