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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Abu Dhabi’s ADNOC Forms Unit to Issue Debt, Explore Funding

ADNOC Abu Dhabi Fitch Saudi Aramco
A general view of ADNOC headquarters in Abu Dhabi, United Arab Emirates May 29, 2019. REUTERS/Christopher Pike

Abu Dhabi National Oil Co (ADNOC) has set up a subsidiary, ADNOC Murban, to issue primary debt and explore new funding opportunities.

ADNOC Murban will become the primary debt capital markets issuing and rating entity for the ADNOC Group, the Abu Dhabi state oil giant said in a statement.

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