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Leading Abu Dhabi entities – Adnoc Drilling Company and Alpha Dhabi Holding – have reached an agreement to establish a strategic investment joint venture that will invest up to $1.5 billion to acquire technology-enabled companies in the oilfield services and energy sectors.
In this new venture, Adnoc Drilling will own 51% of the stake with Alpha Dhabi holding the rest of 49%, bringing together a market-leading drilling and OFS expert and a prominent UAE conglomerate with a proven track-record of fueling business growth in diverse sectors. Lunate Capital Limited will provide asset…
