The float coincides with Saudi Aramco’s efforts to ramp up production capacity.
October 04, 2022 at 06:52 AM
3 minute read
Correspondent, Dubai
Baker McKenzie and Sullivan & Cromwell are among the firms advising Saudi Arabian offshore drilling contractor Arabian Drilling Company (ADC) on its IPO on the Saudi stock exchange.
ADC is a joint venture of the Industrialization & Energy Services Company (Taqa) and Services Pétroliers Schlumberger SA. Today, Taqa owns 51% of the company and Schlumberger 49%.
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