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...
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