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ADNH Catering Set to Make Waves on the Abu Dhabi Securities Market: A Lucrative Opportunity for Investors

Abu Dhabi: 10 October 2024

ADNH Catering’s IPO represents a significant opportunity for UAE investors, promising rewarding returns with shares set to list on the Abu Dhabi Securities Market later this month.

Shares will be listed at prices ranging from 91 fils to 96 fils, with the subscription process closing on October 14. This timeline provides investors with a timely opportunity to engage in this vital sector of the UAE economy.

Experts indicate that this IPO offers a prime opportunity for investors looking to diversify their portfolios within the UAE’s expanding hospitality services sector. The company has committed to distributing dividends of 8.25% to 8.5% for two consecutive years.

With local and global interest rates recently being cut by half a percentage point and further reductions anticipated, investors are well-positioned to achieve rewarding returns through this investment.

ADNH Catering is affiliated with the Abu Dhabi National Hotel Company, which operates a prominent chain of luxury hotels in the UAE. Following a stock split at the end of last year, shares are now trading at 60 fils (equivalent to AED 6 pre-split). The split decision has led to enhancing liquidity and enabling individual and retail investors to engage with this leading company and have access to this vital sector.

 

السابق
اكتتاب “تموين أبوظبي الوطنية للفنادق” يشكل فرصة هامة للمستثمرين
التالي
وفد جمعية الامارات لرائدات الأعمال يزور الصين ويستكشف فرص التعاون مع المصانع والشركات

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