Adnoc headquarters in the Corniche, Abu Dhabi. US energy services company Baker Hughes will retain its 5% interest in Adnoc Drilling. Khushnum Bhandari / The National
Adnoc headquarters in the Corniche, Abu Dhabi. US energy services company Baker Hughes will retain its 5% interest in Adnoc Drilling. Khushnum Bhandari / The National

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Adnoc set to raise $1.1bn as it increases size of drilling IPO to 11% amid strong demand

The company will continue to maintain its majority 84% stake in its drilling unit