Abu Dhabi, UAE — Pure Health Holding, the largest healthcare platform in the Middle East, will offer 1.11 billion its shares 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 ($985 million) with an offering price of AED 3.26 (Offer Price) per share.
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.
Farhan Malik, Managing Director of PureHealth, 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,” he said.