2.84 billion dollars the value of the “interesting offering” for 4% of ADNOC gas shares

The EF V Hermes announced today that the promotion and subscription coverage sector has successfully completed the process of offering a shares of ADNOC Gas Company on behalf of the Abu Dhabi National Petroleum Company (ADNOC). The deal included the sale of about 3.1 billion shares, and represented a 4% stake in “ADNOC Gas”, with a total value of $ 2.84 billion.
This process is the first interesting proposal of its kind in the UAE and the largest proposal in the Abu Dhabi Securities Market to date.
EF V Hermes played the role of a joint international coordinator and the director of joint offering in this process, which came within the framework of ADNOC strategy to enhance liquidity and free circulation of the shares of ADNOC Gas. The proposal witnessed an exceptional turnout by institutional investors in the Gulf cooperation countries and global markets.
In this context, Ali Khalbi, head of the capital markets sector in EFV Hermes, expressed his pride in the role that the company played in this prominent deal in favor of “ADNOC Gas”. My uncle pointed out that this proposal reflects the strong demand for the company’s shares and the ongoing confidence of investors in its strong performance and future growth opportunities.
He added: “This offering represents a ninth operation in the capital markets that we carry out in favor of the” ADNOC “group, which confirms our strong partnership and based on confidence.”
He added, “Our extensive experiences in managing major proposals enable us to support our customers in achieving their strategic goals and enhancing investor participation, and the success of this deal confirms our leadership in regional capital markets and our ability to carry out prominent operations in the Middle East and North Africa region.”