PureHealth IPO fully subscribed on first day

    Farhan Malik, Founder and Managing Director of PureHealth, said : "We have seen an overwhelmingly strong demand for the IPO as it is fully subscribed on the opening day. I am incredibly excited to see the strong interest from investors and overall positive reception. The IPO offers investors an attractive value proposition and the chance to be part of PureHealth's journey, which is in itself a unique opportunity, we are on a strong growth trajectory with our recent international...

 

Farhan Malik, Founder and Managing Director of PureHealth, said: "We have seen an overwhelmingly strong demand for the IPO as it is fully subscribed on the opening day. I am incredibly excited to see the strong interest from investors and overall positive reception. The IPO offers investors an attractive value proposition and the chance to be part of PureHealth's journey, which is in itself a unique opportunity, we are on a strong growth trajectory with our recent international acquisitions and ambitious future plans, backed by the visionary leadership of Abu Dhabi and the UAE. Following this initial response, we look forward to our listing date with ADX, a significant milestone for PureHealth."

The Final Offer Price has been set at AED 3.26, resulting in an Offering of 1.11 billion shares, which will represent 10% of the share capital of the Company, worth AED 3.62 billion. The subscription period opened today morning and will close on 11 December 2023 for both Retail and Professional Tranches. The Company intends to list its shares on the Abu Dhabi Securities Exchange ("ADX"), on 20 December 2023.

The Prospectus and detailed information about PureHealth, its IPO, and the subscription process can be found at purehealth.ae/investor-relations/.

About PureHealth

By advancing the science of longevity, PureHealth is introducing the healthcare of the future from the UAE to the rest of the world. PureHealth is the largest integrated healthcare platform in the Middle East, with an ecosystem that challenges lifespans and reimagines health spans. With 25+ hospitals, 100+ clinics, multiple diagnostic centers, health insurance solutions, pharmacies, health tech, procurement, investments and more, its groundbreaking innovations are at the forefront of healthcare, as the company is on a mission to unlock time for humankind.

PureHealth's network of healthcare facilities across Abu Dhabi and the Northern Emirates comprises: 

To learn more, please visit www.purehealth.ae

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