With the placement of shares of Adnoc Drilling on the Abu Dhabi Stock Exchange, its market capitalization increased by 2.5 times. This happened thanks to the strong demand from investors.
Adnoc Drilling is in demand on the market due to its activities in the field of drilling oil wells. The rise in the value of shares is associated with positive expectations regarding the development of the company's activities and the prospects for the growth of hydrocarbon production.
One of the company representatives noted that the increase in market capitalization by 150% speaks to the confidence of investors in the strategy and long-term prospects of Adnoc Drilling.
This success confirms the positive dynamics observed at the company in recent times. A visible increase in interest in Adnoc Drilling shares indicates the attractiveness of investments in the energy sector of the United Arab Emirates.
