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Home / ADNH Catering Public Offering (IPO)

ADNH Catering is an established market leader in the regional food services market, commanding a c.28% share of its addressable market in the UAE in 2023, and with a presence in strategic locations across the UAE and Saudi Arabia.

Abu Dhabi Islamic Bank PJSC, acting as Receiving Bank presents you with the opportunity to subscribe to the ADNH Catering Public Offering (IPO) on the Abu Dhabi Securities Exchange (ADX).

ADNH Catering’s business is diverse, offering services across the food and support services sectors, from daily catering services to catering at large scale events and from cleaning services in education, healthcare and defence facilities to offshore energy facilities.

Subscriptions will open on 7 October 2024

ADNH Catering in Numbers

workforce*

clients**

Sectors

meals per month*

kitchens operated*

facilities cleaned*

contract retention across the previous five years

share of its addressable market in the UAE in 2023

* As at 30 June 2024 | ** As at 30 September 2023​

Investment Highlights

  • One of the leading food and support services providers in the UAE
  • Operating in a large market that is projected to grow along with an expected growth in demand for food and support services
  • Well-positioned for regional expansion in Saudi Arabia, the GCC’s largest economy
  • Strategically located central production facilities with structured procurement processes and streamlined distribution
  • Diverse portfolio of strategic clients with a competitive edge in securing long-term and high-quality contracts
  • Robust financial performance driven by strong margins and high cash conversion
  • Experienced, committed senior management team, backed by a supportive and reputable shareholder – Abu Dhabi National Hotels​​​

Key IPO Dates To​​ Remember:

7 Oct 2024

Price Range and Subscriptions Open

14 Oct 2024

General Public Subscriptions Close

16 Oct 2024

Pricing & Allocations

21 Oct 2024

Allocations & Settlement

23 Oct 2024

Expected Listing on ADX

Where to go for more information

For more information about the ADNH Catering IPO, the subscription criteria and process


www.ipo.adnhc.me


ADIB IPO Call Centre:
+971 2 652 0878

Disclaimer:
This announcement has not been reviewed or approved by the SCA, or any regulator in the UAE or elsewhere, does not form part of the Prospectus, and should not be considered an offer of securities in any jurisdiction. Any decision to invest in the shares should be based solely on the information in the Prospectus.

Terms and conditions apply.​