Abu Dhabi's share market records gains of 52.4 percent annually

2022-06-05 03:45:53

(MENAFN) After the very positive USD6 billion early sale of Dubai Electricity and Water Specialist two months ago, which was massively risen from 6.5 percent to 18 percent of the company's share capital after the proposing was 35 times subscribed, there has been another clear success in the area with extra possibly sizeable supply under consideration.

Borouge, a petrochemicals combined project among Abu Dhabi National Oil firm and Borealis, declared on 23 May the sale of nearly 10 percent of the firm, with a proposing of 3 billion stocks at AED2.45 (USD0.67) each to earn around USD2 billion.

Abu Dhabi's share market has registered earnings in this year and was 52.4 percent increased year on year as of the takeoff date, with 17.4 percent earnings in this year.

The issue ended on the 30th of May with a whole demand of USD83.4 billion, in line with a firm announcement.

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