Burjeel Holdings announces intention to list on main market of the ADX via IPO

Burjeel Holdings announces intention to list on main market of the ADX via IPO

- Announcement builds on International Holding Company’s (“IHC”) acquisition of a 15% stake in Burjeel Holdings

- Subscription period for institutional and retail investors will open on Friday 30 September 2022 and close on Tuesday 4 October 2022

Abu Dhabi: Burjeel Holdings plc (“Burjeel Holdings” or the “Company”), today announced its intention to list 11 per cent of its share capital on the main market of the Abu Dhabi Securities Exchange (“ADX”). The Company’s planned listing will provide investors with an opportunity to gain exposure to one of MENA’s leading private healthcare service providers with a vision to ensure quality healthcare and clinical excellence across the region. The subscription period for the listing will open on Friday 30 September and close on Tuesday 4 October. The Company intends to list on ADX on Monday 10 October.

The Company intends to offer 200,397,665 new shares (the “New Shares”) and VPS Healthcare Holdings PVT. LTD (the “Selling Shareholder”) intends to offer up to 350,331,555 existing shares (the “Sale Shares” and, together with the New Shares, the “Shares”) in the Company’s issued share capital (the “Offering”). If all of the Shares are subscribed for and allocated and the offer size is not increased, the total offer