Several US and European investment banks are among the firms helping to arrange an imminent stock market listing for a big state-owned petrol station operator in the United Arab Emirates.

Abu Dhabi National Oil Company for Distribution — or Adnoc Distribution — expects to list at least 10% of its existing shares on the Abu Dhabi Securities Exchange before the end of the year. All shares will be sold by Adnoc, the company's parent group and state-owned energy company. No pricing details have yet been published.