DUBAI, July 4 (Reuters) – Dubai-based Advanced Inhalation Rituals (AIR), one of the world’s biggest producers of shisha molasses, has invited banks to pitch for roles in its planned initial public offering (IPO) next year, two sources with knowledge of the matter told Reuters.
AIR is targeting a flotation in the first half of 2024, the people said on Tuesday, declining to be named as the matter is not public.
The company has not yet decided on a listing venue, but Abu Dhabi and Dubai are among the options being considered, they added.
AIR did not immediately respond to a Reuters request for…
