PureHealth announces publication of its prospectus and start of subscription period for its Initial Public Offering

  • Date: 01-Dec-2023
  • Source: Zawya
  • Sector:Healthcare
  • Country:UAE
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PureHealth announces publication of its prospectus and start of subscription period for its Initial Public Offering



Pure Health Holding PJSC (Public Joint Stock Company under conversion), confirms its intention to offer 1,111,111,111 (around 1.11 billion) shares for public subscription in the United Arab Emirates, representing 10% of its issued share capital as at the listing date.

The offer price has been set at AED 3.26 per share, with the Company expected to raise approximately AED 3.62 billion, as additional capital, upon completion of subscription.

The allocation of Professional Offer Shares (Second Tranche) will be on 13 December 2023.

The allocation of Retail Offer Shares (First Tranche) will be on 14 December 2023.

Constitutive General Assembly Meeting for conversion to PJSC is on 15 December 2023

Expected listing of shares and trading on ADX is on 20 December 2023.

Abu Dhabi: Pure Health Holding PJSC (Public Joint Stock Company under incorporation; the “Company”), 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” or the “Offering”) on the First Market of the Abu Dhabi Securities Exchange (“ADX”), representing 10% of the total share capital