Adnoc completes $1 billion shares placement in distribution unit

Institutional move follows listing of 10% stake of Adnoc Distribution’s shares on Abu Dhabi Securities Exchange in 2017

Liquidity: Sultan Ahmed al Jaber, Adnoc chief executive — Liquidity: Sultan Ahmed al Jaber, Adnoc chief executivePhoto: REUTERS/SCANPIX

Nishant Ugal

New Delhi

Abu Dhabi National Oil Company United Arab Emirates Abu Dhabi Persian Gulf Middle East

Published 14 September 2020, 09:03Updated 14 September 2020, 09:03