Abu Dhabi: EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA) region, announced today that its investment banking division successfully concluded a landmark USD 935 million Accelerated Equity Offering (AEO) for ADNOC Drilling Company PJSC ("ADNOC Drilling"), the biggest of its kind in the UAE. Placement constitutes a sale of 880 million shares priced at AED 3.90, representing 5.5% of ADNOC Drilling’s total share capital. EFG Hermes acted as a Joint Global Coordinator and Joint Bookrunner for the Offering. The AEO sets a new standard in the region due to its magnitude, reinforcing EFG Hermes's standing as the preferred advisor for significant landmark transactions. EFG Hermes, the leading investment bank in the Middle East and North Africa (MENA), offers an extensive array of financial services, encompassing advisory, asset management, securities brokerage, research, and private equity.
