Why the listing of Adnoc Gas matters – The National
Why the listing of Adnoc Gas matters – The National
Of all the initial public offerings, many of energy sector companies, conducted in the UAE in recent years, the listing of Adnoc Gas is the biggest and most strategic.
The state company’s gas processing unit will be valued at up to Dh186.5 billion ($50.8 billion) when it lists about 4 per cent of its shares, with trading intended to start on March 13. More than the money, the company is crucial for the country’s energy ambitions.
The four previous Adnoc IPOs have covered fuel retail (Adnoc Distribution), drilling, petrochemicals (Borouge) and fertilisers (Fertiglobe). Their total market capitalisation today stands at about Dh215 billion, so Adnoc Gas will almost double the value of its parent’s listed entities.
Select Sector 
Select Country 
