“Citigroup”, “HSBC” manage “Etihad Airways” IPO

News agencies reported that Abu Dhabi is moving forward with the IPO of Etihad Airways.

According to the sources, Citigroup and HSBC were chosen to manage the offering. “Etihad Airways” is the national airline of the Emirates, owned by the ADQ Holding Company, wholly owned by the Abu Dhabi government. It started with a capital of half a billion dirhams, and its headquarters are located in the capital, Abu Dhabi, and it uses Abu Dhabi International Airport as the center of its operations.