RAK Petroleum Plans International Stock Exchange Listing
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RAK Petroleum Plans International Stock Exchange Listing

RAK Petroleum Plans International Stock Exchange Listing

RAK Petroleum’s assets include a 42.8 per cent holding in Norwegian oil company DNO International ASA.

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RAK Petroleum Public Company is planning to list on an international stock exchange after its shareholders approved plans to restructure the company, it said in a statement on Monday.

The restructuring includes transferring the company’s assets to a newly formed UK-owned company in exchange for shares. The statement did not say on which international exchange the company will list.

RAK Petroleum’s assets include a 42.8 per cent holding in Norwegian oil company DNO International ASA. The Oslo Stock Exchange has granted an exemption from its rules for the transfer.


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