Abu Dhabi Construction Firm Eyes IPO to Tap UAE’s Property Boom

Arabian Construction Co. is considering an initial public offering in the United Arab Emirates, the latest firm looking to capitalize on the country’s booming property market.

The Abu Dhabi-based firm has invited banks to pitch for roles on the potential deal, according to people familiar with the matter. The share sale could raise several hundred million dollars, the people said, requesting anonymity as the information is confidential.

No final decisions have been made on the size or the timing of the transaction. Representatives for ACC declined to comment.

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