IPO bonanza begins: ADNOC to list 4% of its gas unit

State-owned energy giant ADNOC announced today its intention to float about 4% of its gas business in an initial public offering on the Abu Dhabi Securities Exchange (ADX). ADNOC Gas listing will be the first major IPO on the ADX in 2023 after a listing bonanza for markets in the GCC last year as issuers … Continue reading IPO bonanza begins: ADNOC to list 4% of its gas unit