The news agency Reuters said on Tuesday that Etihad Airways, the national airline of the United Arab Emirates, is expected to announce a $1 billion (Dh3.67 billion) initial public offering (IPO) this week, citing two sources.
Etihad would be the second business this year to offer shares to institutional and individual investors if the stock launch proceeds. Alpha Data said earlier this month that it would list on the Abu Dhabi Securities Exchange (ADX).
Etihad would be the second airline in the United Arab Emirates to become public, over two decades after Air Arabia debuted on the Dubai Financial Market in July 2007.
