DUBAI: Shares in Abu Dhabi’s ADNOC Logistics & Services climbed 44.8 percent above their listing price on its market debut on Thursday, after raising $769 million in an initial public offering for 19 percent of the business. Shares traded at 2.91 UAE dirhams ($0.79) as the Abu Dhabi market opened against an IPO price at the top of the indicative range at 2.01 dirhams per
DUBAI, May 22 (Reuters) - Abu Dhabi National Oil Co is
offering a larger stake in its marine and logistics unit in an
initial public offering after attracting significant investor
demand, it said on Monday. ADNO. | 10:28am
DUBAI: State oil giant Abu Dhabi National Oil Co. said on Tuesday it has set a price range for an initial public offering of its marine and logistics unit that could raise up to $607 million and could give ADNOC Logistics & Services an equity valuation of as much as $4.05 billion. The price range for the unit was set at 1.99 dirhams ($0.5420) to 2.01 dirhams per share, the