Font Size
Share this article


Print Friendly Version
23 December 2019
HALAL ECONOMY

UAE's Brooge Petroleum commences trading on Nasdaq

The AED 3.67 billion ($1 billion) deal is expected to be finalised before 1 July 2020.

Bloomberg/Michael Nagle

by Kudakwashe Muzoriwa

UAE-based Brooge Petroleum and Gas Investment Company (BPGIC) has started trading on New York’s Nasdaq Stock Exchange following its merger with US-based Twelve Seas Investment Company.

Brooge Petroleum stated that the move is part of the UAE-based oil storage company’s expansion strategy. BPGIC, which was established in 2013, is one of the largest holders of storage assets in Fujairah.

 


RELATED STORIES: Brooge Petroleum and Gas Investment Company Nasdaq Stock Exchange


RECOMMENDED NEWS



BRANDS MAGAZINES LATEST EDITION


CPI Financial was established in Dubai in 1999 to meet the needs of an ever-expanding financial community, offering a comprehensive portfolio of market-leading products and services tailor-made for the banking and financial services sectors.


Subscribe to our News Letter

Subscribe

© 2019 CPI Financial. All rights reserved.

No part of this website may be reproduced or used in any form of advertising without prior permission in writing from the editor.