196 notable trades of ADNOC Drilling stocks in ADX valued at AED3.4 million

Abu Dhabi Securities Exchange (ADX) recently saw a flurry of activity with 196 significant transactions involving ADNOC Drilling shares. These transactions amounted to a total of 880 million shares, valued at AED3.4 million and executed at a price of AED3.9 per share.

The Abu Dhabi National Oil Company (ADNOC) announced that it successfully completed a placement of 880 million shares in ADNOC Drilling Company to institutional investors. This placement represents 5.5 percent of ADNOC Drilling’s total issued and outstanding share capital, increasing the company’s free float to 16.5 percent.

It is important to note that these transactions occurred outside of the order book and did not impact the closing price of ADNOC Drilling’s stock or the price index. Additionally, they did not affect the highest and lowest prices executed during the session or over the last 52 weeks. This demonstrates a significant level of investor interest in ADNOC Drilling shares on the ADX.