Adnoc Distribution debuts on Abu Dhabi stock market

Abu Dhabi: Adnoc Distribution, the retail unit of Abu Dhabi National Oil Company  was officially listed on Abu Dhabi Securities Exchange (ADX) on Wednesday. The opening price of the stock was Dh2.90. 

Adnoc CEO Dr Sultan al Jaber rang the bell to mark the trading of the stock. Adnoc Distribution raised Dh3.1 billion through Initial Public Offering  that closed last week. 

State-owned energy giant Adnoc has said its offering is the largest on the Abu Dhabi stock exchange in over 10 years.