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Press Dossier   News Category    Economy    UAE's Adnoc Gas shares surge 25 percent in flotation: Stock exchange

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.

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