Habtoor Group scraps planned $1.6bn - IPO - IPO - ArabianBusiness.com

Khalaf Al Habtoor.

Al Habtoor Group, which had planned to list next year in what would have been one of the largest initial public offerings (IPOs) in the UAE’s recent history, has decided to postpone the move.
“After a thorough evaluation I have decided to postpone the IPO,” chairman Khalaf Al Habtoor said in a statement.
“It is a moral issue not taking the group public at this time. I will continue to focus on best practice and growing the company in a sustainable way.”

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