ADNOC would raise between 601 million and 607 million from the sale, the statement said. (ADNOC) has announced an increase in the stake offered for its marine and logistics unit in its upcoming initial public offering (IPO. " ADNOC L&S&39; IPO is the sixth company ADNOC has successfully brought to market within five years, he added. 5 billion in the IPO of its gas business.

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Adnoc L&S IPO How to subscribe to Abu Dhabi-based company's shares for Dh2 Adnoc L&S Abu Dhabi-based company aims to raise 607 million in IPO, sets price range of Dh1.

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ABU DHABI, 13th March, 2023 (WAM) -- ADNOC Gas on Monday listed and commenced the trading of its shares on the Abu Dhabi Securities Exchange (ADX) following the successful completion of the largest-ever initial public offering (IPO) on the ADX and the largest IPO globally to date this year. Khaled Al Zaabi, Group CFO of ADNOC said "This offering saw the largest demand globally for an IPO this year to date and achieved the highest-ever oversubscription for a UAE bookbuild IPO.

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. . ADNOC Gas will. ADNOC will now offer 1,405,714,765 ordinary shares, equivalent to 19 percent of the Companys total issued share capital. The IPO, which raised gross proceeds of approximately 2. The initial public offering (IPO) will raise over 1.

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ADNOC IPOs to date have raised more than US8 billion combined, with total demand exceeding US385 billion, supporting ADNOCs ambitious growth strategy.

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Upon listing, Adnoc will continue to own a majority 54 per cent stake.

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