Saudi Press

Saudi Arabia and the world
Thursday, Oct 02, 2025

$2.5 billion raised by offering gas unit to "ADNOC".

$2.5 billion raised by offering gas unit to "ADNOC".

ADNOC Gas Unit said the final offer price of the shares was set at 2.37 dirhams ($0.6) per share, valuing ADNOC Gas – at the time of accepting the listing – at about 182 billion dirhams ($50 billion).
Based on the final offer price, the total amount of the offering is approximately 9.1 billion dirhams ($2.5 billion), confirming that the IPO of ADNOC Gas will be the largest ever listing on the Abu Dhabi Stock Exchange after acceptance of the listing. Another conglomerate outperformed IPOs. ADNOC, a Borouge plc company, was successfully listed on the Abu Dhabi Stock Exchange in June 2022.

The pricing process by establishing a book of subscription orders reached a total value exceeding 450 billion dirhams ($124 billion) from qualified companies in several countries including the UAE and individual investors in the UAE. The total subscription is about 50% more than the target value. Once.

ADNOC Group Chief Financial Officer Khalid Al Zaabi said: “The record demand achieved by this IPO makes the Abu Dhabi market and ADNOC Gas Company the largest listing compared to IPOs in the UAE, Middle East and North Africa. This is the largest public offering in the world so far this year. This historic listing is the fifth company that ADNOC has offered a share of its shares to the public in the last few years, and the interest from investor segments confirms the attractiveness of ADNOC’s world-class assets and its low-carbon energy asset base, and Abu Dhabi’s Contributes to strengthening its leading position as an investment destination.

He added: “This IPO represents an attractive investment opportunity and a great achievement in ADNOC’s ongoing plan to create and enhance value, as it confirms ADNOC’s key role in stimulating the growth and development of the local economy and diversifying the investment opportunities that finance provides. markets in the UAE.” , we look forward to attracting a wide range of investors as ADNOC continues its efforts to achieve sustainable growth for the UAE, Abu Dhabi and its stakeholders.

The company confirms that the volume of the new offering has been fully allocated after the previously announced increase of 3.8 billion ordinary shares, which is equivalent to about 5 percent of the company’s total issued capital, which achieved a total proceeds of about $2.5 billion. ADNOC will receive its net proceeds after final settlement of shares. Acceptance of lists is expected to begin on March 13.

If the listing is accepted, ADNOC will hold a 90 percent majority stake in the company.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Altman Says GPT-5 Already Outpaces Him, Warns AI Could Automate 40% of Work
Trump Organization Teams with Saudi Developer on $1 Billion Trump Plaza in Jeddah
Electronic Arts to Be Taken Private in Historic $55 Billion Buyout
Colombian President Petro Vows to Mobilize Volunteers for Gaza and Joins List of Fighters
Nvidia and Abu Dhabi’s TII Launch First AI-&-Robotics Lab in the Middle East
UK, Canada, and Australia Officially Recognise Palestine in Historic Shift
New Eye Drops Show Promise in Replacing Reading Glasses for Presbyopia
Dubai Property Boom Shows Strain as Flippers Get Buyer’s Remorse
Top AI Researchers Are Heading Back to China as U.S. Struggles to Keep Pace
JWST Data Brings TRAPPIST-1e Closer to Earth-Like Habitability
UAE-US Stargate Project Poised to Make Abu Dhabi a Global AI Powerhouse
Trump and Starmer Clash Over UK Recognition of Palestinian State Amid State Visit
Saudi Arabia cracks down on music ‘lounges’ after conservative backlash
Saudi Arabia Signs ‘Strategic Mutual Defence’ Pact with Pakistan, Marking First Arab State to Gain Indirect Access to Nuclear Strike Capabilities in the Region
Sam Altman sells the 'Wedding Estate' in Hawaii for 49 million dollars
Turkish car manufacturer Togg Enters German Market with 5-Star Electric Sedan and SUV to Challenge European EV Brands
World’s Longest Direct Flight China Eastern to Launch 29-Hour Shanghai–Buenos Aires Direct Flight via Auckland in December
New OpenAI Study Finds Majority of ChatGPT Use Is Personal, Not Professional
Kuwait opens bidding for construction of three cities to ease housing crunch.
This Week in AI: Meta’s Superintelligence Push, xAI’s Ten Billion-Dollar Raise, Genesis AI’s Robotics Ambitions, Microsoft Restructuring, Amazon’s Million-Robot Milestone, and Google’s AlphaGenome Update
Indian Student Engineers Propose “Project REBIRTH” to Protect Aircraft from Crashes Using AI, Airbags and Smart Materials
Could AI Nursing Robots Help Healthcare Staffing Shortages?
Turkish authorities seize leading broadcaster amid fraud and tax investigation
Qatari prime minister says Netanyahu ‘killed any hope’ for Israeli hostages
Apple Introduces Ultra-Thin iPhone Air, Enhanced 17 Series and New Health-Focused Wearables
Big Oil Slashes Jobs and Investments Amid Prolonged Low Crude Prices
Social Media Access Curtailed in Turkey After CHP Calls for Rallies Following Police Blockade of Istanbul Headquarters
Did the Houthis disrupt the internet in the Middle East? Submarine cables cut in the Red Sea
Gold Could Reach Nearly $5,000 if Fed Independence Is Undermined, Goldman Sachs Warns
Uruguay, Colombia and Paraguay Secure Places at 2026 World Cup
Trump Administration Advances Plans to Rebrand Pentagon as Department of War Instead of the Fake Term Department of Defense
Tether Expands into Gold Sector with Profit-Driven Diversification
Trump’s New War – and the ‘Drug Tyrant’ Fearing Invasion: ‘1,200 Missiles Aimed at Us’
At the Parade in China: Laser Weapons, 'Eagle Strike,' and a Missile Capable of 'Striking Anywhere in the World'
Information Warfare in the Age of AI: How Language Models Become Targets and Tools
Israeli Airstrike in Yemen Kills Houthi Prime Minister
After the Shock of Defeat, Iranians Yearn for Change
YouTube Altered Content by Artificial Intelligence – Without Permission
Iran Faces Escalating Water Crisis as Protests Spread
More Than Half a Million Evacuated as Typhoon Kajiki Heads for Vietnam
HSBC Switzerland Ends Relationships with Over 1,000 Clients from Saudi Arabia, Lebanon, Qatar, and Egypt
Sharia Law Made Legally Binding in Austria Despite Warnings Over 'Incompatible' Values
Dogfights in the Skies: Airbus on Track to Overtake Boeing and Claim Aviation Supremacy
Tim Cook Promises an AI Revolution at Apple: "One of the Most Significant Technologies of Our Generation"
Are AI Data Centres the Infrastructure of the Future or the Next Crisis?
Miles Worth Billions: How Airlines Generate Huge Profits
Zelenskyy Returns to White House Flanked by European Allies as Trump Pressures Land-Swap Deal with Putin
Beijing is moving into gold and other assets, diversifying away from the dollar
Cristiano Ronaldo Makes Surprise Stop at New Hong Kong Museum
Zelenskyy to Visit Washington after Trump–Putin Summit Yields No Agreement
×