UAE’s ADNOC Gas share price jumps 20% in the first minutes of its debut on ADX  

RIYADH: The share price of ADNOC Gas, a subsidiary of Abu Dhabi National Oil Co., surged more than 20 percent in its first debut minutes on the Abu Dhabi Securities Exchange market.  

The company’s initial public offering was priced at 2.37 dirhams ($0.65) and rose to 2.84 dirhams, bringing the company’s market value to 217.9 billion dirhams, according to ADX data.  

ADNOC Gas offered 3.84 billion shares in its listing, representing 5 percent of the company’s total shares, and raised $2.5 billion through its offering.