Abu Dhabi’s national oil company has said it is considering an Initial Public Offering of some of its service units – a move which would raise billions of dollars for the organization.
The plan of action was unveiled as part of ADNOC’s revised business plan, which is to include increased collaboration with other companies and a maximize value across its entire supply chain.
It insisted that there are no plans to sell off parts of ADNOC, the Group holding company. ADNOC will remain fully owned by the Government of Abu Dhabi.
There have been rumours over Abu Dhabi’s most significant organization looking to sell some of its assets since Saudi Aramco announced its intention to sell some of its business interests…