Etihad Airways aims to raise one billion dollars this week from the launch in Abu Dhabi

Etihad Airways plans to offer a 20% of its shares (equivalent to 2.7 billion shares) in the Abu Dhabi Securities market this week, which targets the collection of about one billion dollars, according to what Reuters reported today. This coincides with the company’s jump with its profits in 2024, with more than three times to $ 476 million, powered by the high revenue of travelers and shipping. The markets are awaiting the initial public offering of the company owned by the Sovereign Wealth Sunflower (ADQ) in Abu Dhabi, to be the first of its kind in the Gulf Aerial Sector since 2008. It is estimated that the total value of the business will reach about $ 5 billion on the offer. In March 2024, Bloomberg unveiled the study of “Adq” revealed by Etihad Airways. Group CEO Anton and Dyo Nevis said earlier in February that the federation was preparing to offer a 20% share of its shares in the Abu Dhabi market, perhaps this month, and added that “the trade union is ready, that is, an airline in the world has the ambition of growth and to be influential.”