ADNOC eyes $2 bln from IPO
Abu Dhabi 
ABU DHABI, November 27, 2017 – ADNOC Distribution, a wing of Abu Dhabi’s NOC, has set an indicative price range for the company’s upcoming IPO of its fuel distribution unit that could raise USD 2 billion, international media reported on Sunday.
The NOC announced earlier this month it would sell at least 10% of ADNOC Distribution on the Abu Dhabi Securities Exchange. The offering is set to go forward following regulatory approvals from the UAE Securities and Commodities Authority and Abu Dhabi Securities Exchange.
A ceiling for the share sale has been set at 20%. If reached, this could bring in USD 2.1 billion, Reuters reported.
Read our latest insights on:
More content from Abu Dhabi
Gabon’s gas-to-power opportunity
INTERVIEW
Latest news and features
Latest Reports
The Energy Year Oman 2026
The Energy Year Kuwait 2025
The Energy Year Angola 2025
The Energy Year Nigeria 2025
The Energy Year Saudi Arabia 2025
The Energy Year UAE 2025
Sign up to receive our newsletter and energy event alerts and receive free access to The Energy Year Uganda 2022
