Abu Dhabi-based PureHealth Holding PJSC, a health-care platform controlled by one of the city’s sovereign wealth funds and its largest listed conglomerate, plans to list in the United Arab Emirates’ capital.
Shares in the Middle East’s biggest health-care platform are expected to start trading in December, subject to regulatory approvals, according to a statement late on Monday.
Wealth fund ADQ and International Holding Co., both controlled by Sheikh Tahnoon bin Zayed Al Nahyan, the brother of the UAE’s ruler, have been working on listing PureHealth for years. The firm joins a busy listing calendar in Gulf country.
Cryptocurrency mining hardware retailer Phoenix Group Plc is planning to go public in Abu Dhabi in a $371 million deal. On Monday, Dubai Taxi Co. started taking investor orders for its share sale that could raise as much as $315 million.
PureHealth is the largest health-care platform in the Middle East, with over 25 hospitals and 100 clinics, it said.
The firm has expanded through acquisitions, including a $1.2 billion deal to buy one of the UK’s largest independent hospital operators from Centene Corp. It also bought a minority stake in US health-care provider Ardent Health Services for 1.8 billion dirhams in May.
