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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.
Offering recorded strong demand from global and GCC institutional investors
Adnoc Drilling Company has placed 880 million shares to institutional investors, raising its free float to 16.5 per cent and representing 5.5 per cent of the company's total issued and outstanding share capital.
Adnoc Drilling Company has placed 880 million shares to institutional investors, raising its free float to 16.5 per cent and representing 5.5 per cent of the company's total issued and outstanding share capital.
Abu Dhabi National Oil Company (Adnoc) announced on Thursday that it has successfully completed a placement to institutional investors of 880 million share..