Shearman & Sterling was awarded “Equity Deal of the Year” for its work on ADNOC Distribution’s landmark initial public offering (IPO) at the 2018 IFLR Middle East Awards. The awards recognize the most innovative deals, teams, firms and advisors in the industry in the Middle East.
The award acknowledged the firm’s work on ADNOC Distribution’s listing on the Abu Dhabi Securities Exchange (ADX) in December 2017, making it the largest IPO on the ADX in over a decade.
“ADNOC Distribution would like to congratulate Shearman & Sterling for winning this prestigious IFLR award, which is a reflection of their outstanding work on our IPO,” said Ian Blumenstein, ADNOC Distribution’s General Counsel & Corporate Secretary. “Shearman & Sterling is an important partner of ADNOC Distribution, and we thank them for their critical contributions to our success.”
Representatives from Shearman & Sterling, ADNOC Group and ADNOC Distribution attended the award ceremony on October 17 at the Burj Al Arab in Dubai.
The Shearman & Sterling team below was supported by associate Omar Morsy (Abu Dhabi-Mergers & Acquisitions).