Abu Dhabi-based PureHealth announces intention to list on ADX

Abu Dhabi-based PureHealth announces intention to list on ADX

Healthcare giant PureHealth Holding has announced its intention to proceed with an initial public offering (IPO) and list its shares on the Abu Dhabi Securities Exchange (ADX).

Trading on ADX is likely to commence in December subject to obtaining regulatory approvals and other required considerations.

Hamad Al Hammadi, chairman of the Board of Directors of PureHealth, said: “Testament to the continued dynamism and vibrancy of Abu Dhabi’s capital markets, the planned listing would allow PureHealth to claim a position among the world’s leading healthcare groups, benefitting people in an increasing number of countries while reliably leading the way in executing development objectives of our nation.”

Farhan Malik, MD of the company, said: “We are very pleased to announce our intention to float PureHealth on the Abu Dhabi Securities Exchange. This IPO will enable PureHealth to continue to solidify its position as a national champion, expand the depth and geographic reach of groundbreaking innovation for patients, and healthcare technology, expand globally through acquisitions and position Abu Dhabi at the forefront of healthcare globally.

“This is a critical milestone for the UAE as PureHealth continues to revolutionise healthcare by deploying health tech platforms and expanding globally, ensuring efforts to deliver the best in healthcare from Abu