EFG Hermes announced that it has successfully completed the operation of placing shares of Adnoc Gas, representing, in this way, the National Oil Company of Abu Dhabi (Adnoc). The head of the capital markets division, Ali Khalpey, expressed pride in the company's participation in this deal, noting a strong demand for Adnoc Gas shares and the unwavering trust of investors in its stable production and future growth.
Khalpey stated: "This is already the ninth capital transaction that we are executing for Adnoc Group, which reaffirms our close partnership based on trust." The transaction included the sale of approximately 3.1 billion shares, accounting for 4% of the stake in Adnoc Gas, totaling approximately 2.84 billion US dollars.
This operation became the first marketing placement of this type in the United Arab Emirates and the largest placement in the market of securities in Abu Dhabi to date. EFG Hermes acted as the international joint coordinator and joint bookrunner of the placement, in line with Adnoc's strategy to increase liquidity and the free trading of Adnoc Gas shares.
