Adnoc Distribution shares to list next month on Abu Dhabi Stock Exchange


Adnoc Distribution shares to list next month on Abu Dhabi Stock Exchange

Analysts say ADNOC distribution could be worth between AED 29 billion and AED 51 billion, when it lists on the Abu Dhabi Stock Exchange later this year. 

That would rank it somewhere in the middle of companies listed in Abu Dhabi; by contrast Etisalat is valued more than five times that amount.

Abu Dhabi National Oil Company says the IPO of its petrol retail unit is set to open later this month.