ADNOC Logistics & Services surged 58% above their listing price on its market debut on Thursday. ADNOC L&S climbed from its listing price of AED 2.01 to close as high as AED3.130, giving it a market capitalisation at the time of listing of about $4.05 billion. “The record-setting market debut of ADNOC L&S marks the […]
ipo
ADNOC eyes $2 billion from gas unit IPO
The final offer price is expected to be announced on March 3
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 […]
Oman’s Abraj Energy Services to list 49% shares on Muscat Stock Exchange
Oman’s drilling firm Abraj Energy Services has announced its intention to proceed with an IPO and listing on the Muscat Stock Exchange, which is expected to take place in March 2023, subject to receiving the required regulatory approvals from the Capital Market Authority of the Sultanate of Oman. The company’s planned listing will allow investors […]
Saudi Aramco unit proceeds with $1 billion IPO
Luberef is planning to sell 50 million shares, or a nearly 30% stake, according to a statement from Aramco
Arabian Drilling shares jump after IPO debut
The shares jumped as much as 20% to 120 riyals on Monday
Saudi Aramco set to launch IPO of energy-trading unit: Report
The listing is planned for the end of the year or early 2023, Bloomberg reported
Arabian Drilling IPO to raise $712 million
The Saudi drilling company has set a price range of SR 90-SR100 for its IPO
Arabian Drilling to sell 30% stake in IPO
The Saudi oilfield-services firm will sell 26.7 million shares on the Main Market of the Saudi Exchange
Borouge IPO values company at $20 billion
ADNOC and Borealis will list shares of Borouge at $0.67 per share, as part of its initial public offering