Adnoc plans IPO as Saudi probe puts pressure on biggest offering

Adnoc plans IPO as Saudi probe puts pressure on biggest offering

An employee uses a fuel pump to fill a customer's vehicle with unleaded petrol in Dubai, United Arab Emirates. Photographer: Gabriela Maj/Bloomberg

Abu Dhabi National Oil Co. will sell as much as a fifth of its fuel-distribution unit in an initial public offering just weeks after a wave of arrests in neighboring Saudi Arabia almost derailed the Middle East’s largest share sale.

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