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ADNH Catering

ADNH Catering (Ticker: ADNH UH) is a food and support services provider based in the UAE. The company offered 900 million shares, representing 40% of its total issued share capital, at a price of Dh0.96 per share in its initial public offering (IPO), raising Dh864 million ($235 million). ADNH Catering's market capitalization at listing is expected to be Dh2.16 billion ($588 million).

Shares will begin trading on the Abu Dhabi Securities Exchange (ADX) on October 23, 2024. The IPO was managed by Citigroup Global Markets and First Abu Dhabi Bank as Joint Global Coordinators, with additional UAE banks acting as bookrunners and receiving banks.

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