Pure Health Holding PJSC, the largest healthcare platform in the Middle East, today announced it is offering 1,111,111,111 (one billion one hundred eleven million one hundred eleven thousand one hundred and eleven) shares of the Company for its Initial Public Offering (IPO) on the First Market of the Abu Dhabi Securities Exchange (ADX), representing 10 percent of the total share capital of the Company. This will amount to AED 3.62 billion with an Offering price of AED 3.26 (Offer Price) per share.
The Company’s planned Offering and listing will provide investors with a unique opportunity to invest in one of the region’s leading healthcare businesses. The subscription period will open on 6th December 2023 and will close on 11th December 2023 for both the Tranches.
The Company intends to list its shares on ADX on 20th December 2023.
The prospectus for the UAE and the public announcement will be published today and will be available at purehealth.ae/investor-relations/.
Farhan Malik, Managing Director of Pu
reHealth, said, ‘I am thrilled to witness the strong investors’ interest since announcing our intention to list on ADX. Being the leading healthcare provider in the region, PureHealth aligns seamlessly with Abu Dhabi’s Economic Vision for 2030. Our vision is dedicated to transforming the existing healthcare system in the UAE, shifting from a reactive, episodic model to a continuous, proactive ecosystem driven by advanced digital infrastructure. Our upcoming IPO offers investors a unique opportunity to be part of an international healthcare platform. Backed by strong government policies, our solid domestic foothold, international presence, robust sector fundamentals, our focus on technology and innovation and international growth opportunities, all present PureHealth as a unique and attractive investment proposition for investors. We look forward to listing on ADX, marking a significant milestone in our journey towards healthcare excellence.”
Source: Emirates News Agency