Fertiglobe shares leap 21% on Abu Dhabi debut

The venture's shares traded at about $0.84 shortly after the market opened

  
An investor looks up at electronic boards displaying stock information at the ADX Abu Dhabi Securities Exchange stock market. Image used for illustrative purpose.

An investor looks up at electronic boards displaying stock information at the ADX Abu Dhabi Securities Exchange stock market. Image used for illustrative purpose.

REUTERS/Ben Job

DUBAI - Fertiglobe, a joint venture between Abu Dhabi National Oil Company (NOC) and chemicals producer OCI, rose 21% above its listing price on its Abu Dhabi market debut on Wednesday.

The venture's shares traded at about 3.09 dirhams ($0.84) shortly after the market opened, compared with 2.55 dirhams in its initial public offering.

(Reporting by Hadeel Al Sayegh Editing by David Goodman) ((Hadeel.AlSayegh@thomsonreuters.com; +971566883310;))


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