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Thursday, June 08, 2023 18:33 GMT
Shares of ADNOC Gas jumped about 18% over its listing price in the Abu Dhabi market debut on Tuesday. ADNOC Gas' shares traded at 2.8 dirhams (~76 cents) apiece, versus its initial public offering price of 2.37 dirhams (~64.5 cents).State-backed oil giant Abu Dhabi National Oil Co (ADNOC) had earlier this month, raised about US$2.5 billion through a sale of roughly 5% of its gas business in an IPO.