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Abu Dhabi National Oil Company (ADNOC) has agreed to acquire a 24.9% shareholding in Austrian oil and gas group OMV from…

Mubadala's stake in OMV is valued at around $4.1 billion

Leading decision makers from Saudi ministries, senior government officials, representatives from special economic zones, corporate leaders, developers as well as 200 C-suite executives took part in the Saudi Building & Infrastructure Summit at Riyadh.

Hadeel Al Sayegh Image credit: evannovostro/AdobeStock Abu Dhabi National Oil Company (ADNOC) has started virtual meetings with potential investors ahead of the planned initial public offering of its drilling unit, two sources told Reuters. Banks working on ADNOC Drilling are scheduling calls with local, regional and international institutional investors to sound out appetite for the potential sale, said the sources, declining to be named as the matter is not public. The meetings are described as an early look engagement, one of the sources said, where ...

ADNOC's Drilling Unit to Go Public Hadeel Al Sayegh Image credit: evannovostro/AdobeStock Abu Dhabi National Oil Co (ADNOC) has invited investment banks to pitch for bookrunner roles for the initial public offering of its drilling unit, two sources told Reuters on Sunday. The oil giant invited a handful of international and local banks to take part in the process of the public share sale of ADNOC Drilling, which is due later this month, they said. ADNOC is planning to take the unit public in the third quarter, they added. One of the sources prev...