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Abu Dhabi's ADNH Catering sets price range for IPO

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- Abu Dhabi National Hotels (ADNH) announces indicative price range for IPO of its catering business. - Price range set at 0.91 dirhams to 0.96 dirhams per share, implying equity value of 2.05 billion to 2.16 billion dirhams for the entire unit. - ADNH Catering operates in the UAE with over 18,000 employees and has a joint venture in Saudi Arabia employing nearly 1,000 people. - Admission to trading on the Abu Dhabi stock exchange expected on Oct. 23. - Citi and FAB appointed as joint global coordinators and joint bookrunners, while ENBD and ADCB named joint bookrunners for the IPO.