ABU DHABI: Abu Dhabi National Hotels plans to list its catering arm, adding to the growing number of initial public offerings (IPOs) in the Middle East.
The owner of hotels, including the Ritz-Carlton and Park Hyatt in Abu Dhabi, plans to offer 900 million shares – representing 40% of ADNH Catering’s share capital – in the IPO, which opens on Oct 7.
