UAE’s ADNOC Drilling to list on Abu Dhabi Securities Exchange

Share
1 min read
Share
  • In the first week of September, the ADNOC subsidiary floated 11 percent of its share capital in an initial public offering (IPO) at 2.3 dirhams ($0.6262) per share
  • In a statement the exchange said the company will list under the trading symbol ADNOCDRILL

ADNOC Drilling company will list on Abu Dhabi Securities Exchange on October 3. In a statement the exchange said the company will list under the trading symbol ADNOCDRILL.

In the first week of September, the ADNOC subsidiary floated 11 percent of its share capital in an initial public offering (IPO) at 2.3 dirhams ($0.6262) per share. While the company had planned a sale of 7.5 percent of stake, the issue size was increased due to over subscription.

SPEEDREAD


Today's Headlines

The most important news stories of the day, curated by Post editors and delivered every morning.

Google reCaptcha: Invalid site key.

By signing up you agree to our Terms of Use and Privacy Policy.

MORE FROM THE POST