UAE's state-owned ADNOC prices gas business IPO near top of range

UAE's state-owned ADNOC prices gas business IPO near top of range

Photo: Adnoc website

State oil giant Abu Dhabi National Oil Co (ADNOC) on Friday set the final price for its initial public offering, valuing the company at about $50 billion after drawing record demand. It will become Abu Dhabi’s largest listed company.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter