Fertiglobe, owned by Egyptian billionaire Nassef Sawiris and the UAE company ADNOC, announced its intention to offer a 13.8% stake in the public offering on the Abu Dhabi Securities Exchange. Finance.
The company added that the subscription is expected to start on October 13, in front of UAE citizens, residents and local and international investment institutions.
And CNBC Arabia sources had previously stated that Ferti Globe for the production of fertilizers, owned by both the UAE's ADNOC and the OCI of the Egyptian businessman Nassef Sawiris, succeeded In securing a loan of about one billion dollars as part of a capital structuring process, and that this loan comes ahead of a possible offering on the Abu Dhabi Financial Market early next year.
