Reported 2 days ago
Etihad Airways, owned by Abu Dhabi's wealth fund ADQ, is set to announce a $1 billion initial public offering (IPO) this week, marking the first IPO of a major Gulf airline in nearly twenty years. With plans to sell 20% of the company through new shares, the airline aims to fund its growth amid a revitalized financial outlook, capitalizing on its recent profit surge and expanding operations as part of Abu Dhabi's strategy to become a global travel hub.
Source: YAHOO