Adnoc Drilling Company completes a $935 million accelerated equity offering facilitated by EFG Hermes
Amount Raised
$935 Million
Round Type
Post-IPO Equity
Abu DhabiEnergyOil And GasInvestors
Description
EFG Hermes successfully closed a $935 million accelerated equity offering (AEO) for Adnoc Drilling Company, marking the largest AEO in the UAE. The offering involved the sale of 880 million shares priced at AED 3.90 each, representing 5.5% of Adnoc Drilling’s total share capital, with Adnoc retaining a 78.5% shareholding.
Quick answer
ADNOC Drilling raised $935 Million in a Post-IPO Equity round, dated May 26, 2024. Investors: EFG Hermes. ADNOC Drilling is based in Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates.
- How much did ADNOC Drilling raise?
- ADNOC Drilling raised $935 Million in a Post-IPO Equity round on May 26, 2024.
- Who invested in ADNOC Drilling?
- EFG Hermes is named as investors in this round.
- What does ADNOC Drilling do?
- ADNOC Drilling Company P.J.S.C. is a leading drilling services provider in the Middle East.
- Where is ADNOC Drilling based and how big is it?
- ADNOC Drilling is based in Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates.
- Who are the decision-makers at ADNOC Drilling?
- Fundz holds 1 contact at ADNOC Drilling. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Energy and Oil And Gas around the same time
Companies in the same sectors as ADNOC Drilling that raised within 45 days of this round, from Fundz verified event records.
- Kuva Systems raised $8.7M (Funding Round) on July 10, 2024.
- Helix Earth Technologies raised $5.9M on July 10, 2024.
- LandBridge Company raised $13M on July 1, 2024.
- ClearSign Technologies Corp raised $4.3M on June 24, 2024.
- Lithium South Development raised $37K (Seed) on June 7, 2024.
- Eckard raised $4.2M on June 7, 2024.
Who to call at ADNOC Drilling, and when
A new round usually means ADNOC Drilling is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day ADNOC Drilling raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at ADNOC Drilling, from your own LinkedIn network
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Related People
ADNOC Drilling raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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