ADNOC Gas Stake Sale Could Reshape UAE's Investment Landscape
Date
12/1/2024 9:05:42 AM
(MENAFN- The Arabian Post) Abu Dhabi National Oil Company (ADNOC) is reportedly considering the sale of an additional 3% to 5% stake in its gas subsidiary, ADNOC Gas. This move, aimed at enhancing liquidity and broadening investor access, could raise as much as $3.5 billion, based on ADNOC Gas's current valuation on the Abu Dhabi Securities Exchange (ADX). The exact details of the sale, including its size and timing, remain under [...]">
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