ADNOC Gas' shares traded at 2.8 dirhams ($0.7625) apiece
PHOTO
DUBAI: Shares of ADNOC Gas jumped about 18% over its listing price in the Abu Dhabi market debut on Tuesday.
ADNOC Gas' shares traded at 2.8 dirhams ($0.7625) apiece, versus its initial public offering price of 2.37 dirhams.
State-backed oil giant Abu Dhabi National Oil Co (ADNOC) had earlier this month, raised about $2.5 billion through a sale of roughly 5% of its gas business in an IPO.
($1 = 3.6722 UAE dirham) (Reporting by Hadeel Al Sayegh; Editing by Dhanya Ann Thoppil)
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.