Abu Dhabi Royal-Led Firm Ethmar to List After Capital Raise
- Ethmar International is chaired by a son of the UAE ruler
- EIH has partnerships with IHC, which is also backed by a royal
This article is for subscribers only.
Ethmar International Holding, which is led by a son of the United Arab Emirates’s ruler, is set to go public in Abu Dhabi after it raises as much as 700 million dirhams ($191 million).
EIH, an investment vehicle with dozens of subsidiaries, plans to offer investors a 13% to 15% stake through a capital raise of 600 million dirhams to 700 million dirhams, according to an investor presentation seen by Bloomberg News. It will then list on the Abu Dhabi stock exchange on May 1.