PureHealth IPO Receives Staggering Demand, Gross Orders Received of AED 265 Billion

Commenting on the announcement, Farhan Malik, Founder and Managing Director of PureHealth, said: "There has been overwhelming demand for our IPO. This is a resounding endorsement of the market's confidence in our achievements, the management's execution capability, and our vision for growth. The IPO unlocks PureHealth's credentials in transforming healthcare systems, underscoring our commitment to shaping the future of healthcare through continuous innovation and an unwavering pursuit of excellence, where we take Pure Health from Abu Dhabi to the World.''

Commenting on the announcement, Farhan Malik, Founder and Managing Director of PureHealth, said: "There has been overwhelming demand for our IPO. This is a resounding endorsement of the market's confidence in our achievements, the management's execution capability, and our vision for growth. The IPO unlocks PureHealth's credentials in transforming healthcare systems, underscoring our commitment to shaping the future of healthcare through continuous innovation and an unwavering pursuit of excellence, where we take Pure Health from Abu Dhabi to the World.''

The Offering will generate gross proceeds of AED 3.62 billion for the Company. On listing, the Company's market capitalization is expected to reach AED 36.2 billion.

The Constitutive General Assembly Meeting for conversion to PJSC is on 15 December 2023. Listing and trading commencement of PureHealth's shares on ADX are expected to take place on 20 December 2023, subject to market conditions and regulatory approvals in the UAE. The shares will trade under the symbol "PureHealth" and ISIN "AEE01362P238."  At listing, provided that the offering shares are fully subscribed, the Founders will retain a 90% stake in the Company. First Abu Dhabi Bank PJSC acted as Lead Manager and Lead Receiving Bank. International Securities LLC was appointed as the Lead Placement Agent.

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

Photo - https://mma.prnewswire.com/media/2298732/PureHealth.jpg

View original content:https://www.prnewswire.co.uk/news-releases/purehealth-ipo-receives-staggering-demand-gross-orders-received-of-aed-265-billion-302012418.html