The Al Habtoor Group is considering an Initial Public Offering (IPO) as regional markets improve. It would be the first family group in the UAE to tap into the equity capital markets.
Senior executives met with Nasdaq Dubai and Dubai International Financial Centre (DIFC) officials to discuss a potential listing, and Grant Thornton has been appointed to conduct an independent professional valuation of the Group.
Separately, the Chairman announced changes to his senior management team ahead of the proposed listing and says senior executives are undergoing rigorous leadership training programs.
Khalaf Al Habtoor says, "We are a 21st century company with a strong mission and a bright future. I want my management team to understand their talents and help the organisation succeed with the right tools.”
The Group also recently hosted a Risk Management workshop which covered topics such as technology trends and dilemmas, managing credit risk and business continuity.