Gulf carriers, including Etihad Airways, are set to list on local stock markets.

From Investing.com: 2025-01-24 00:05:32

Etihad Airways and flynas are set to list on local stock markets, with Etihad potentially selling a 20% stake for around $1 billion. Saudi Arabia’s flynas could also list this year, while Qatar Airways may follow suit later. The IPOs are part of efforts to diversify economies away from oil, focusing on sectors like tourism.

Potential listings of Gulf carriers are driven by government efforts to diversify economies and tap into the growing tourism sector post-pandemic. Dubai’s strategic location between Europe and Asia, plus its appeal as a tourist destination, make it a key hub for aviation growth. Etihad has undergone restructuring and plans to expand its destinations and fleet.

The Middle East region accounted for the majority of IPOs in the Middle East and North Africa in 2024, raising $12.2 billion. Gulf listings could provide a bright spot for investors in the airline sector, which has faced challenges in other regions like Europe. Gulf carriers have shown resilience post-COVID, outpacing recovery efforts in other regions.



Read more at Investing.com: Analysis-Etihad to sound out investors as Gulf carriers race towards IPOs By Reuters