Abu Dhabi National Hotels is considering an IPO for its catering business.

 Abu Dhabi National Hotels Co. said in an undated statement on its website that it is considering an IPO for its proprietary business, ADNH Catering.

Abu Dhabi National Hotel, Image Source - Arab News

Deliberations are still preliminary and all options are being considered. there is no official confirmation yet.

 The Gulf region has seen a flood of IPOs in recent months as governments in countries such as Saudi Arabia and the United Arab Emirates attempt to strengthen the investment market and attract investment.

 Abu Dhabi national hotels was founded in 1976 and own hotels such as the Ritz Carlton and park Hyatt in Abu Dhabi, among others, its shareholders include sovereign wealth fund Mubadala and UAE-based investment firm national holding.

The catering unit, whose potential IPO plans were first reported by Bloomberg on Tuesday, operates in Saudi Arabia and the UAE and provides food and support services