Abu Dhabi Securities Adds ADNOC Distribution to Its Exchange Indices

Press release

Published December 21st, 2017 - 06:48 GMT

Shares of ADNOC Distribution which has a (ADNOCDIST) symbol have been added to the ADX general index (ADI) and Energy sub-index (ADEG).

Abu Dhabi Securities Exchange (ADX) announced that the ADNOC Distribution is added to its General index (ADI) and to sector indices (ADEG) as of Wednesday 20th Dec 2017, lifting the number of companies included in the ADI to 62 companies.

Shares of ADNOC Distribution which has a (ADNOCDIST) symbol have been added to the ADX general index (ADI) and Energy sub-index (ADEG). The company number of shares is 12,500,000,000, while the percentage of the free float shares as per index rules is 8.9 % which represents 1,113,641,910 shares. Depending on the closing price for Tuesday, 19^th December 2017. Free float shares will be recalculated twice a year on 30th June and 31st December.

Background Information

Abu Dhabi Securities Exchange

Abu Dhabi Securities Exchange (ADX) was established on 15th of November 2000 by Local Law No. (3) of 2000, the provisions of which vests the Market with a legal entity of autonomous status, independent finance and management, and gives ADX the necessary supervisory and executive powers to exercise its functions.

Moreover, ADX has the authority to establish centers and branches outside the Emirate of Abu Dhabi, and so far it has done so in Al Ain, Zayed City, Fujairah, Ras Al Khaimah and Sharjah.

ADX's board of directors is comprised of seven members nominated by Amiri Decree. The members of the board hold office for a term of three years. The first board of directors was constituted by Amiri Decree No. (8) of 2000.

Company Profile

Abu Dhabi National Oil Company

Abu Dhabi National Oil Company (ADNOC) was established in 1971, to operate in all areas of the oil and gas industry and since then has steadily broadened its activity establishing companies and subsidiaries and creating an integrated oil and gas industry in Abu Dhabi. Today, the company manages and oversees oil production of more than 2.7 million barrels a day which ranks it among the top ten oil and gas companies in the world.