Abu Dhabi National Oil Company announces IPO price for Borouge

The joint venture between ADNOC and the Austrian energy company Borealis will soon be listed on the Abu Dhabi stock exchange.
KARIM SAHIB/AFP via Getty Images
UAE Minister of State and ADNOC Group CEO Sultan Ahmed al-Jaber speaks during the Abu Dhabi International Petroleum Exhibition and Conference on Nov. 13, 2017, at the Abu Dhabi National Exhibition Center. - KARIM SAHIB/AFP via Getty Images
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Adam Lucente
@Adam_Lucente

The Abu Dhabi National Oil Company (ADNOC) announced the initial public offering price for its joint venture with Austria’s Borealis today. 

The original offer price of Borouge has been set at 2.45 Emirati dirhams ($0.67) per share, ADNOC said in a statement. 

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