Abu Dhabi’s hotel group, Rotana, is set to launch an initial public offering (IPO) as it seeks the necessary approval from its shareholders. The vice chairman noted that this move aligns with the company’s strategy for expansion and growth in the competitive hospitality sector.

The company is actively pursuing mergers and acquisitions to bolster its market position. The vice chairman emphasized that these efforts are crucial for driving the future growth of Rotana, which aims to enhance its portfolio and expand its presence in various regions.

This decision comes as Rotana continues to explore opportunities to strengthen its business. The anticipated IPO represents a significant milestone for the company as it looks to capitalize on the growing demand in the hospitality industry.