Adnoc announced on 11 September that it is transferring its stakes in its listed companies to XRG, the wholly-owned international energy investment company that was established last year (MEES, 29 November 2024).
The subsidiaries involved in the transfer are; Adnoc Distribution; Adnoc Drilling; Adnoc Gas; and Adnoc Logistics and Services (Adnoc L&S). Adnoc says that the transfers were conducted earlier that day for all the subsidiaries except for Adnoc Drilling. This transfer will occur following regulatory approvals. (CONTINUED - 192 WORDS)