According to insider information, Etihad Airways is postponing its initial public offering on the Abu Dhabi stock market for a sum in the billions of dollars as a minimum until next month after the end of the Eid al-Fitr holidays. "We see that the current market conditions are not conducive for such an offering," said a person familiar with the situation, noting that the decision to delay was made this week. It is believed that this strategic move helps the company gather additional resources and improve its financial position after the negative impact caused by the pandemic.
