Eleqtisade News
  • Home
  • Economy
    • Economy of Egypt
  • Banks
  • Stock Exchange
  • Tech
  • Social responsibility
  • More
    • Real Estate
    • Industry and investment
    • Cars and transportation
    • Energy
    • Know your bank
    • Markets
    • Opinion writers
    • Tourism & Aviation
    • video
  • English
    • العربية
    • English
10/05/2025 - 8:58 pm
No Result
View All Result
  • Home
  • Economy
    • Economy of Egypt
  • Banks
  • Stock Exchange
  • Tech
  • Social responsibility
  • More
    • Real Estate
    • Industry and investment
    • Cars and transportation
    • Energy
    • Know your bank
    • Markets
    • Opinion writers
    • Tourism & Aviation
    • video
  • English
    • العربية
    • English
No Result
View All Result
Eleqtisade News
No Result
View All Result
  • Home
  • Economy
  • Banks
  • Stock Exchange
  • Tech
  • Social responsibility
  • More
  • English

EFG Hermes Successfully Completes the Sale of Helmerich & Payne’s full stake in ADNOC Drilling Through an Accelerate Book Build

EFG Hermes Successfully Completes the Sale of Helmerich & Payne’s full stake in ADNOC Drilling Through an Accelerate Book Build

Ali Khalpey, Head of Equity Capital Markets at EFG Hermes

  • 14/10/2024 - 10:54 am
  • write : Ali
  • Home, Stock Exchange

Font size

A A
Share on FacebookShare on Twitter

EFG Hermes, an EFG Holding Company and the leading investment bank in the Middle East and North Africa (MENA) announced today that its investment banking division has successfully completed an accelerated book build (ABB) on behalf of Helmerich & Payne, Inc. (H&P). This transaction involved the full divestment of H&P’s stake in ADNOC Drilling, valued at approximately USD 197 million.

EFG Hermes acted as Joint Global Coordinator for the ABB, facilitating H&P’s exit from ADNOC Drilling, a stake it had initially acquired as a cornerstone investor during ADNOC Drilling’s initial public offering (IPO).

Commenting on the transaction, Ali Khalpey, Head of Equity Capital Markets at EFG Hermes, said: “We are proud to have successfully supported Helmerich & Payne in this important transaction. Despite a challenging geopolitical backdrop, the offering attracted a strong group of investors, underscoring continued confidence in ADNOC Drilling’s promising future.” He added, “Our expertise in managing accelerated book builds enables us to help clients optimize their investment strategies, even in complex market environments. This transaction demonstrates EFG Hermes’ deep understanding of regional capital markets and highlights our extensive distribution capabilities.”

This transaction marks EFG Hermes’ fifth follow-on offering in the GCC this year and its third transaction on the Abu Dhabi Securities Exchange (ADX), including its role in the IPO of ALEF Education. It is also the second ABB executed on ADNOC Drilling by the firm.

Tags: ADNOC DrillingAfricaEFG HermesHelmerich & Payneinvestment bankMiddle East

Short link:

RelatedPosts

Related Posts

إي اف چي هيرميس تطلق مؤتمرها السنوي التاسع عشر للاستثمار
Home

EFG Hermes Kicks Off 19th Annual One-on-One Investor Conference

إي اف چي هيرميس تتمم خدماتها الاستشارية لصفقة الطرح العام الأولي لشركة «ألفا داتا»
Home

EFG Hermes Completes Advisory on USD 163 Million IPO of Alpha Data on the Abu Dhabi Securities Exchange

إي اف چي هيرميس توقع شراكة استراتيجية مع كيدزانيا القاهرة
Home

EFG Hermes Partners with KidZania Cairo

إي اف چي هيرميس تحصد المركز الأول بأسواق رأس المال بالشرق الأوسط وشمال إفريقيا
Home

EFG Hermes Secures #1 Position in MENA Equity Capital Markets for 2024

إي اف چي هيرميس تتم صفقة الطرح العام الأولي لمجموعة الموسى الصحية في تداول السعودية
Home

EFG Hermes Completes Advisory on USD 449 Million IPO of Almoosa Healthcare Company on the Saudi Exchange

هيرميس تغلق توريق بقيمة 1,78 مليار جنيه لصالح «بداية للتمويل العقاري»
Home

EFG Hermes Closes EGP 1.78 Billion Securitization Deal for Bedaya Mortgage Finance

Next Post
«كيو للتطوير» تكشف عن أحدث مشروعاتها في «نيو زايد»

Q Developments announces its newest project in New Zayed City, West of Cairo

About Eleqtisade News

Eleqtisade News website is concerned with all economic affairs at the local level in various sectors, including banks, the stock market, investment, real estate, cars, communications, markets, tourism, energy, transportation, navigation, insurance, and others.

Categories

  • Banks
  • Cars and transportation
  • Economy of Egypt
  • Energy
  • External economy
  • Home
  • Industry and investment
  • Markets
  • Opinion writers
  • Real Estate
  • Social responsibility
  • Stock Exchange
  • Tech
  • Tourism & Aviation
All rights reserved 2024 © Eleqtisade News . Powered by 
  • About
  • Advertise
  • Careers
  • Contact
  • Editorial Board
  • Homepage
wpChatIcon
wpChatIcon
No Result
View All Result
  • Home
  • Economy
    • Economy of Egypt
  • Banks
  • Stock Exchange
  • Tech
  • Social responsibility
  • More
    • Real Estate
    • Industry and investment
    • Cars and transportation
    • Energy
    • Know your bank
    • Markets
    • Opinion writers
    • Tourism & Aviation
    • video
  • English
    • العربية
    • English

All rights reserved 2024 © Al-Iqtisadi News. Powered by