The ADNOC Logistics & Services IPO represents a unique opportunity for Individual Subscribers, Professional Investors, ADNOC Group Companies Employees, and UAE National Retirees to own shares in one of the largest fully integrated shipping and logistics service providers for the energy sector.
. ADNOC intends to. .
ADNOC intends to.
1 billion shares in its maritime logistics services unit, equivalent to 15% of. ADNOC L&S has a successful track record of delivering powerful organic and inorganic growth.
The IPO, which raised gross proceeds of.
Image courtesy of Adnoc.
. Upon listing, Adnoc will continue to own a majority 54 per cent stake.
29 billion, with adjusted earnings of just under $600 million.
Dubai: The ADNOC Logistics and Shipping Services IPO has seen the 'largest demand globally' for a stock float so far this year, with gross demand hitting over $125 billion - or Dh460 billion.
May 16, 2023 · Adnoc Unit’s $607 Million Abu Dhabi IPO Sells Out in Minutes Adnoc L&S price range set at 1. . .
On 16 May 2023, ADNOC Logistics & Services will announce the price range for its shares, and the offer commencement period will start. ADNOC Gas plc Announces Offer Price Range and Opening of Subscription Period for IPO. ABU DHABI, 13th March, 2023 (WAM) -- ADNOC Gas on Monday listed and commenced the trading of its shares on the Abu Dhabi Securities Exchange (ADX) following the successful completion of the largest-ever initial public offering (IPO) on the ADX and the largest IPO globally to date this year. . .
Khaled Al Zaabi, Group CFO of ADNOC said: "This offering saw the largest demand globally for an IPO this year to date and achieved the highest-ever oversubscription for a UAE bookbuild IPO.
Dubai: The ADNOC Logistics and Shipping Services IPO has seen the 'largest demand globally' for a stock float so far this year, with gross demand hitting over $125 billion - or Dh460 billion. .
The expected date of listing on the ADX is June 3, 2022.
01 dirhams/shr Deal will be the second-biggest IPO in the mideast this year.