Deals
Abu Dhabi’s Senaat Said to Seek Listing Approval This Year
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Abu Dhabi’s Senaat, which owns companies including National Petroleum Construction Co., is seeking approval from the emirate for an initial public offering this year, two people familiar with the matter said.
The deal is awaiting a decision from the Abu Dhabi Executive Council, which may take about a month, the people said, declining to be identified because the matter isn’t public. The council is the emirate’s local executive authority with the power to make all project-related decisions such as negotiations and change orders, according to its website.