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ADQ Explores Etihad Listing in First for Gulf Hub Carrier

  • Abu Dhabi’s ADQ speaking to banks about possible IPO
  • Wealth fund could also decide to do a direct listing
Visitors near an Etihad Airways passenger jet during the Dubai Air Show in 2023. Christopher Pike/BloombergPhotographer: Christopher Pike/Bloomberg
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Abu Dhabi’s ADQ is considering a listing for Etihad Airways PJSC, potentially making it the first of the Gulf’s major hub carriers to become publicly-traded, according to people familiar with the matter.

The wealth fund has held discussions with banks about a possible deal as soon as this year, the people said, asking not to be identified because the information isn’t public. ADQ has been evaluating whether to pursue a traditional IPO as well as a direct listing, the people added.