Adnoc Group News Today

Abu Dhabi National Oil Company, the current majority shareholder of 84% of ordinary shares in Adnoc Drilling, is set to offer 880 million shares corresponding to 5.5% of issued and outstanding share capital of Adnoc Drilling through a bookbuild offering.

ADNOC Group offloaded 880 million shares at Dhs3.90 apiece, approximately 70 per cent above the IPO price of Dhs2.30.

The third edition of the Make it in the Emirates Forum will unveil new initiatives, incentives, enablers, and financial solutions worth billions of dirhams to promote industrial investments.

The second edition of the Industrialists Career Exhibition (April 21-23) is under way in Abu Dhabi. It aims to provide employment and training opportunities with national companies and institutions to boost the role of Emiratis in the private sector.

The second edition of the Industrialists Career Exhibition has

The second edition of the Industrialists Career Exhibition has opened aiming to provide 800 jobs from more than 80 industrial, technological and service companies, including 150 jobs for people of determination.

UAE’s National In-Country Value (ICV) Programme, which heralds a new phase of the countrys industrial development, has seen a significant spending increase on local products and services with expenditure reaching AED67 billion ($18.23bn), a 26% increase.

UAE’s National In-Country Value (ICV) Programme, which is being

Etihad Rail, the developer of UAEs national rail network, said it has teamed up with Adnoc for the operation of the first passenger rail services between Abu Dhabi and Al Dhannah. This service is a continuation of its strategic partnership with Adnoc.

In a meeting chaired by UAE President Sheikh Mohamed bin Zayed al-Nahyan, Adnoc’s board approved an increase of 53 per cent to its budget for decarbonisation projects