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Abu Dhabi's ADNOC to Boost Liquidity of Gas Business

Summary by Oil Price

Abu Dhabi’s national oil company ADNOC on Thursday launched a share offering of 4% of the capital of its ADNOC Gas business to boost liquidity and the free float of its gas unit which was listed in 2023. ADNOC, which currently owns 90% of ADNOC Gas, announced its intention to offer approximately 3.1 billion shares through a marketed offering to institutional investors. The offering, which begins immediately and is expected to close on February …

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Oil Price

Abu Dhabi's ADNOC to Boost Liquidity of Gas Business

2 days ago·London, United Kingdom

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Bloomberg

Abu Dhabi’s Adnoc Seeks $2.8 Billion in Gas Unit Stake Sale

Abu Dhabi’s state energy company is seeking to raise as much as 10.4 billion dirhams ($2.84 billion) from a secondary offering in its gas business.

2 days ago·United States

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Rigzone

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 investors.

1 day ago

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offshore-technology.com

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.

1 day ago

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Gulf Business

ADNOC Gas boosts liquidity with $2.84bn offering on ADX

The offering increased ADNOC Gas’ free float by 80 per cent, enhancing liquidity and providing a clear pathway for MSCI and FTSE indexation The post ADNOC Gas boosts liquidity with $2.84bn offering on ADX appeared first on Gulf Business.

2 days ago

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