UAE’s ADNOC Drilling included on FTSE?indices, approves growth plan

UAE’s ADNOC Drilling included on FTSE?indices, approves growth plan

Drilling, a unit of state-run energy producer , has been added to the FTSE Global Large Cap Index, the FTSE Emerging Index, and the FTSE All-World Index, it said in a statement. The company's newly formed board which met last week, approved its five-year business growth plan for 2022 to 2026, as well as the 2022 budget. The drilling company is bidding in several mega-tenders in Abu Dhabi and is also looking to expand its services portfolio and market share in the oil field services segment, it said. ADNOC Drilling was listed on the ADX earlier this month following a $1.1 billion initial public offering in which it sold 11 percent share in the company. (Writing by Brinda Darasha; editing by Daniel Luiz) Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. .