The Abu Dhabi Stock Exchange (ADX) has announced the listing of ADNH Catering plc, a leading catering and support services provider in the United Arab Emirates, in an announcement it said.
Publish dateThursday 24 October 2024 - 16:14
According to Amac News: In the announcement of the Abu Dhabi Stock Exchange, it is stated that ADNH Catering managed to join the ADX after an IPO, and its shareholder, Abu Dhabi National Hotels Company, collected 864 million dirhams from the sale of 900 million offered shares, which 40 It represents a percentage of the total issued capital of ADNH Catering.
According to the announcement, the offering attracted overwhelming demand from international and regional investors, oversubscribed more than 15 times and has attracted more than 13 billion dirhams in demand.
This successful listing reflects the company's strong market position, built on its established operations in key sectors in the UAE and Saudi Arabia.
Abu Dhabi National Hotels, the parent company of ADNH Catering, has been listed on the ADX since January 15, 2001 and has seen a remarkable 360% growth in its market capitalization by the end of Q3 2024.
According to the announcement, the offering attracted overwhelming demand from international and regional investors, oversubscribed more than 15 times and has attracted more than 13 billion dirhams in demand.
This successful listing reflects the company's strong market position, built on its established operations in key sectors in the UAE and Saudi Arabia.
Abu Dhabi National Hotels, the parent company of ADNH Catering, has been listed on the ADX since January 15, 2001 and has seen a remarkable 360% growth in its market capitalization by the end of Q3 2024.
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Source : news agency wam
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