Middle East Economic Survey

VOL. XLVIII

No 48

28-November-2005

UAE

Aabar Petroleum Shares Listed On ADSM

Aabar Petroleum Investments Company listed its shares on the Abu Dhabi Securities Market (ADSM) on 19 November. The companys initial public offering (IPO) closed 800 times oversubscribed in June (MEES, 2 May). Aabar, with a Dh900mn ($245mn) paid-up capital and 900mn shares, said it would focus on acquisitions and partnerships in oil drilling, exploration and production. The company believes that...