ADNH Catering has announced that it has completed the book-building and public subscription process for its initial public offering (IPO) on the Abu Dhabi Stock Exchange (ADX).
Publish dateSaturday 19 October 2024 - 10:33
According to Amac News: ADNH Catering's announcement states that the final offer price for its ordinary shares has been set at 0.96 dirhams per share, which is above the previously announced offer price range.
The company announced that 900 million shares were offered in the offering, representing 40% of ADNH Catering's total issued share capital, raising gross proceeds of AED 864 million.
The IPO has been registered several times in each of the first, second and third segments with significant demand from international and regional investors over the limit.
Emirates NBD Capital PSC and Abu Dhabi Commercial Bank PJSC have been appointed as Joint Book runners.
First Abu Dhabi Bank PJSC was appointed as the lead receiving bank. Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Emirates Bank and Emirates Islamic Bank have been appointed as receiving banks.
The company announced that 900 million shares were offered in the offering, representing 40% of ADNH Catering's total issued share capital, raising gross proceeds of AED 864 million.
The IPO has been registered several times in each of the first, second and third segments with significant demand from international and regional investors over the limit.
Emirates NBD Capital PSC and Abu Dhabi Commercial Bank PJSC have been appointed as Joint Book runners.
First Abu Dhabi Bank PJSC was appointed as the lead receiving bank. Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Emirates Bank and Emirates Islamic Bank have been appointed as receiving banks.
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Source : news agency wam
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