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Middle East

ADNOC continues transformation with shares listing


Abu Dhabi National Oil Company for Distribution PJSC (ADNOC Distribution) successfully listed its shares on the Abu Dhabi Securities Exchange (ADX) today following a bell ringing ceremony led by His Excellency Dr Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC chief executive and His Excellency Hamad Al Shamsi, chairman of the ADX.

Middle East

Adnoc unit IPO to raise $902m after narrowing range


Abu Dhabi National Oil Co. plans to raise as much as 3.31 billion dirhams ($902 million) from the initial public offering of its fuel-retailing unit after lowering the top end of the offer price and deciding to only sell a 10 percent stake.