(CTN News) – PureHealth Holding PJSC, the leading healthcare platform in the Middle East, has experienced overwhelming demand for its Initial Public Offering (IPO) on the first day of the subscription period.
The IPO has been fully subscribed, indicating a high level of interest from investors.
This positive response has excited Farhan Malik, the Founder and Managing Director of PureHealth, who expressed his enthusiasm for the strong investor interest.
The IPO offers an attractive value proposition for investors, providing them with the opportunity to be part of PureHealth’s impressive growth journey.
The company has recently made international acquisitions and has ambitious plans for the future, which are supported by the visionary leadership of Abu Dhabi and the UAE.
PureHealth eagerly awaits its listing date with ADX, which will be a significant milestone for the company.
The Final Offer Price for the IPO has been set at AED3.26, resulting in an Offering of 1.11 billion shares, representing 10 percent of the company’s share capital valued at AED3.62 billion.
The subscription period began on the opening day and will continue until December 11th, 2023, for both Retail and Professional branches. PureHealth plans to list its shares on the Abu Dhabi Securities Exchange (ADX) on December 20th, 2023.