Etihad Airways plans to delay its initial public offering until the second quarter of 2025, following the Eid al-Fitr holiday on March 30.
The airline, originally expected to announce the IPO at the end of February, aims to offer 2.7bn primary shares, allowing investors a potential 20pc stake.
Etihad is targeting to raise USD 1bn through this offering, marking a return to the public markets for Gulf carriers after nearly two decades.
Abu Dhabi sovereign wealth fund ADQ currently fully owns Etihad Airways, which is seeking both domestic and international investors for the IPO.
The last Gulf airline to go public was Kuwait’s Jazeera Airways in 2008, indicating a significant market opportunity for Etihad’s upcoming listing.
