Khaleej Times, Monday, Mar 13, 2023 | Sha'ban 21, 1444
UAE's Adnoc Gas shares surge 25 percent in flotation: Stock exchange
Emirates:
Shares in the United Arab Emirates' Adnoc Gas soared 25 percent in the opening
minutes of trade when they were listed on the Abu Dhabi stock exchange on
Monday.
Adnoc Gas, a subsidiary of energy giant Abu Dhabi National Oil Company (Adnoc),
rose to Dh2.96 dirhams ($0.80) from its launch price of Dh2.37 in a $2.5 billion
initial public offering.