Company Insights Adnoc Oil & Gas Adnoc News Energy Aramco dividends outstrip rival blue-chips Saudi Aramco’s payouts of dividends surpass those of other leading global companies, and the world’s top oil producer provides sizeable returns for its shareholders in monetary terms. Aramco listed on Riyadh’s bourse in December 2019 following a $29.4 billion initial public offering that sold around 1.7 percent of the government-owned company’s stock. Since then, it […] May 31, 2023 Logistics Adnoc Logistics & Services IPO order book hits $125bn The order book for the initial public offering (IPO) of Adnoc Logistics & Services (Adnoc L&S) reached over $125 billion, hitting an oversubscription level of 163 times. This is the highest-ever oversubscription of a UAE bookbuild IPO, Abu Dhabi National Oil Company (Adnoc) said in a statement. The IPO was priced at the top of […] May 26, 2023 Energy Taqa and Adnoc pair up on $2.4bn seawater project Adnoc and Taqa, two of the UAE’s largest energy companies, have announced a $2.4 billion project to treat seawater and deliver sustainable water supplies to onshore operations. Abu Dhabi National Oil Company (Adnoc) and Abu Dhabi National Energy Company, better known as Taqa, will jointly hold a 51 percent majority stake (25.5 percent each) in […] May 24, 2023 Aviation Qatar Airways CEO calls for realism over net-zero targets The CEO of Qatar Airways has said the lack of readily available aviation fuel alternatives will throw the industry’s goals of achieving net-zero emissions by 2050 into doubt. Akbar Al Baker is a long-standing critic of suppliers of sustainable aviation fuel (SAF), labelling it “exorbitantly expensive” and claiming it’s only available in low volumes “because […] May 24, 2023 Markets Adnoc ups IPO of maritime logistics unit to 19% Abu Dhabi National Oil Company (Adnoc) has increased the stake size in its maritime logistics subsidiary’s initial public offering (IPO) following high investor demand. The oil company will now offer 19 percent of Adnoc Logistics & Services (Adnoc L&S) in the IPO, up from 15 percent, potentially raising $769 million based on the top end […] May 23, 2023 Banking and Finance Goldman Sachs plans Abu Dhabi office after 1MDB scandal An internal memo seen by Bloomberg shows that Goldman Sachs Group Inc is opening an office in Abu Dhabi Global Market, a free trade zone in the UAE capital, adding to its hubs in Doha, Dubai and Riyadh. Assuming the office receives regulatory approval, it will mark a significant step forward in the rehabilitation of […] May 16, 2023 Masdar and Airbus combine on aviation decarbonisation Masdar will collaborate with Airbus on sustainable aviation fuels as the UAE clean energy giant and Europe’s largest airplane maker aim to decarbonise the industry. The companies have signed an agreement to work on green hydrogen and direct air capture technologies which, when combined, can produce synthetic sustainable aviation fuel (SAF). SAF remains limited in […] May 16, 2023 Markets Adnoc seeks to raise $607m from maritime logistics unit UAE’s Abu Dhabi National Oil Company (Adnoc) has set a price range for an initial public offering of its maritime logistics subsidiary to raise up to $607 million. The price was set at AED1.99 ($0.5420) to AED2.01 per share, the company said in a statement on Tuesday. The price range will give Adnoc Logistics & […] May 16, 2023 Energy Taqa Q1 net income surges to $3.16bn on Adnoc Gas stake Abu Dhabi National Energy Company (Taqa) reported a net income of AED11.6 billion ($3.16 billion) in the first quarter of 2023, from AED1.97 billion a year earlier, mainly driven by its five percent stake in Adnoc Gas. Established in 2005, Taqa is a diversified utilities and energy group headquartered in Abu Dhabi. Net income for […] May 15, 2023 Markets Morabaha Marina plans to raise up to $83.4m in IPO Non-bank finance institution Morabaha Marina Financing Company plans to raise up to SAR312.9 million ($83.43 million) in an initial public offering (IPO) on the Saudi Exchange (Tadawul). The Riyadh-headquartered company intends to sell a 30 percent stake, or 21.4 million shares, at a price range between SAR13 and SAR14.6 per share. The final offer price […] May 15, 2023 Posts navigation Previous 1 … 35 36 37 … 47 Next
Energy Aramco dividends outstrip rival blue-chips Saudi Aramco’s payouts of dividends surpass those of other leading global companies, and the world’s top oil producer provides sizeable returns for its shareholders in monetary terms. Aramco listed on Riyadh’s bourse in December 2019 following a $29.4 billion initial public offering that sold around 1.7 percent of the government-owned company’s stock. Since then, it […] May 31, 2023
Logistics Adnoc Logistics & Services IPO order book hits $125bn The order book for the initial public offering (IPO) of Adnoc Logistics & Services (Adnoc L&S) reached over $125 billion, hitting an oversubscription level of 163 times. This is the highest-ever oversubscription of a UAE bookbuild IPO, Abu Dhabi National Oil Company (Adnoc) said in a statement. The IPO was priced at the top of […] May 26, 2023
Energy Taqa and Adnoc pair up on $2.4bn seawater project Adnoc and Taqa, two of the UAE’s largest energy companies, have announced a $2.4 billion project to treat seawater and deliver sustainable water supplies to onshore operations. Abu Dhabi National Oil Company (Adnoc) and Abu Dhabi National Energy Company, better known as Taqa, will jointly hold a 51 percent majority stake (25.5 percent each) in […] May 24, 2023
Aviation Qatar Airways CEO calls for realism over net-zero targets The CEO of Qatar Airways has said the lack of readily available aviation fuel alternatives will throw the industry’s goals of achieving net-zero emissions by 2050 into doubt. Akbar Al Baker is a long-standing critic of suppliers of sustainable aviation fuel (SAF), labelling it “exorbitantly expensive” and claiming it’s only available in low volumes “because […] May 24, 2023
Markets Adnoc ups IPO of maritime logistics unit to 19% Abu Dhabi National Oil Company (Adnoc) has increased the stake size in its maritime logistics subsidiary’s initial public offering (IPO) following high investor demand. The oil company will now offer 19 percent of Adnoc Logistics & Services (Adnoc L&S) in the IPO, up from 15 percent, potentially raising $769 million based on the top end […] May 23, 2023
Banking and Finance Goldman Sachs plans Abu Dhabi office after 1MDB scandal An internal memo seen by Bloomberg shows that Goldman Sachs Group Inc is opening an office in Abu Dhabi Global Market, a free trade zone in the UAE capital, adding to its hubs in Doha, Dubai and Riyadh. Assuming the office receives regulatory approval, it will mark a significant step forward in the rehabilitation of […] May 16, 2023
Masdar and Airbus combine on aviation decarbonisation Masdar will collaborate with Airbus on sustainable aviation fuels as the UAE clean energy giant and Europe’s largest airplane maker aim to decarbonise the industry. The companies have signed an agreement to work on green hydrogen and direct air capture technologies which, when combined, can produce synthetic sustainable aviation fuel (SAF). SAF remains limited in […] May 16, 2023
Markets Adnoc seeks to raise $607m from maritime logistics unit UAE’s Abu Dhabi National Oil Company (Adnoc) has set a price range for an initial public offering of its maritime logistics subsidiary to raise up to $607 million. The price was set at AED1.99 ($0.5420) to AED2.01 per share, the company said in a statement on Tuesday. The price range will give Adnoc Logistics & […] May 16, 2023
Energy Taqa Q1 net income surges to $3.16bn on Adnoc Gas stake Abu Dhabi National Energy Company (Taqa) reported a net income of AED11.6 billion ($3.16 billion) in the first quarter of 2023, from AED1.97 billion a year earlier, mainly driven by its five percent stake in Adnoc Gas. Established in 2005, Taqa is a diversified utilities and energy group headquartered in Abu Dhabi. Net income for […] May 15, 2023
Markets Morabaha Marina plans to raise up to $83.4m in IPO Non-bank finance institution Morabaha Marina Financing Company plans to raise up to SAR312.9 million ($83.43 million) in an initial public offering (IPO) on the Saudi Exchange (Tadawul). The Riyadh-headquartered company intends to sell a 30 percent stake, or 21.4 million shares, at a price range between SAR13 and SAR14.6 per share. The final offer price […] May 15, 2023
