ICM.com brings ADNOC Logistics & Services IPO to investors

ICM.com brings ADNOC Logistics & Services IPO to investors

London, UK - ICM.com, a leading London-based financial services provider, is pleased to announce exclusive access to the initial public offering (IPO) of ADNOC Logistics & Services (ADNOC L&S) on the Abu Dhabi stock exchange. The IPO will offer 15% of shares in ADNOC L&S, a subsidiary of Abu Dhabi National Oil Company (ADNOC), which delivers crude oil, refined products, dry bulk, and liquefied natural gas from Abu Dhabi to its international customers.

ADNOC is one of the world's leading energy companies, with a production capacity of about 4 million barrels of oil per day. ADNOC L&S was created in 2016 following a merger between Abu Dhabi National Tanker Co, Petroleum Services Co, and Abu Dhabi Petroleum Ports Operating Co. The company operates a fleet of over 120 vessels and offers a wide range of maritime logistics services. According to ADNOC, ADNOC L&S generated AED 5.6 billion ($1.5 billion) in revenue and AED 900 million ($245 million) in net profit in 2022.

"We are thrilled to offer our clients exclusive access to the ADNOC L&S IPO," said Shoaib Abedi, CEO of ICM.com "This IPO presents an enticing opportunity within the dynamic IPO market, providing investors with the chance to participate in the