Abu Dhabi's Al Nahda National Schools plans to sell shares in a Dh1 billion ($272.3 million) initial public offering 'as soon as possible,' the company's director-general said on Sunday.
'We have secured all approvals, including ministry approval, and we are only waiting for the green light from the executive council,' Saeed Abdullah Al Junaibi told Reuters, referring to the Abu Dhabi authority which approves IPOs.
He said he plans to expand the company in the Gulf, as well as in Egypt, Lebanon, Syria and Morocco.
National Bank of Abu Dhabi is advising on the share sale.-Reuters