Article length: 139 words

UAE: Adnoc issues first details of listing

Abu Dhabi National Oil Company for Distribution (Adnoc Distribution), the retail arm of the UAE’s national oil company, formally launched its keenly-awaited initial public offering (IPO) on 13 November. The firm will list at least 10% of its shares on the Abu Dhabi Securities Exchange (ADX), with trading expected to begin in December.

Go to full article

Credit value: 1

African Energy Gulf States Newsletter