Friday, November 28, 2025
ADNOC to raise $750MM from drilling unit IPO- oil and gas 360

ADNOC to raise $750MM from drilling unit IPO

World Oil (Bloomberg) –Abu Dhabi National Oil Co. is seeking to raise about $750 million from its drilling unit’s IPO, in what would rank among one of the largest share sales in the United Arab Emirates. ADNOC Drilling set the price for its listing at 2.30 dirhams per share, implying an equity value of $10 billion, according to a statement.