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Reading: Abu Dhabi state gas firm looks to raise $2B in IPO
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Uae Build > Blog > UAE > Business > Abu Dhabi state gas firm looks to raise $2B in IPO
Business

Abu Dhabi state gas firm looks to raise $2B in IPO

By admin
Last updated: July 11, 2024
1 Min Read
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DUBAI, United Arab Emirates (AP) — Abu Dhabi’s state gas company expects to raise up to $2 billion by selling 4% of its shares in an initial public offering, the company said Thursday.

It said the price range for the previously announced sale of over 3 billion shares has been set at 2.25 to 2.34 Emirati dirhams, valuing the company at up to $50.8 billion. The subscription period begins Thursday, with the final offer price expected to be announced…



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