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[QUOTE="forum forex, post: 200001, member: 78402"] Abu Dhabi National Oil Company (ADNOC) got listed on Sunday its drilling unit in a $1.1 billion initial public offering (IPO), the largest ever on the Abu Dhabi stock market. ADNOC Drilling, whose share offering received over $34 billion in demand, is expected to be among the 10 largest companies on the Abu Dhabi Securities Exchange, based on a market capitalisation at listing of about $10 billion. "This important milestone will bolster the expansion and diversification of Abu Dhabis equity capital markets and further the development of the UAEs economy and private sector", ADNOC said in a statement. [/QUOTE]
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