Dubai, March 13 (BNA): Shares of ADNOC Gas jumped by about 18 percent from its listing price in the first offering on the Abu Dhabi market.
ADNOC Gas shares were traded at 2.8 dirhams, $0.7625 per share, compared to the initial public offering price of 2.37 dirhams, according to Reuters.
State-backed giant Abu Dhabi National Oil Company (ADNOC) earlier this month raised about $2.5 billion by selling nearly 5% of its gas business in an initial public offering.
($1 = 3.6722 UAE dirhams)
NAA