Abu Dhabi – Mubasher: Abu Dhabi National Oil Company’s (ADNOC) distribution unit on Sunday announced that it set its Initial Public Offering’s (IPO) price range between AED 2.35 and AED 2.95 per share.
Based on this estimate, the company’s market value is ranged between AED 29.37 billion and AED 36.87 billion, the company stated, adding that the final price will be determined by 8 December.
The IPO was launched on Sunday and would continue until 6 December for individuals and until 7 December for institutions, ADNOC Distribution revealed.
