ADNOC Drilling sees AED 114m block trading deal

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) announced a block trading deal worth AED 114.83 million on the shares of ADNOC Drilling Company.

The transaction was executed on 31.46 million of the company’s shares, official data showed on Monday.

It is worth pinpointing that during the first half (H1) of 2022, ADNOC Drilling generated $379.31 million in net profit, an annual leap of 34% from $281.58 million in H1-21.

In the meantime, the company posted a 13% annual growth in revenue to $1.26 billion in H1-22, compared to $1.12 billion.

Mubasher Contribution Time: 19-Sep-2022 12:28 (GMT)
Mubasher Last Update Time: 19-Sep-2022 12:28 (GMT)