Abu Dhabi’s Al Noor Hospitals plan London listing to raise $150m

Al-Noor Hospitals Group plans to raise $150m from an initial public offering (IPO) to be listed on the London Stock Exchange. (File photo: Reuters)

Al Noor Hospitals Group, the largest private healthcare provider in Abu Dhabi, plans to raise $150 million from an initial public offering (IPO) to be listed on the London Stock Exchange, it said in a statement on Tuesday.

The company will have a free float of 30-45 percent at IPO, it said adding that proceeds from the listing will primarily be used to finance future growth through acquisitions.

Deutsche Bank AG and Goldman Sachs Group are mandated joint sponsors and global coordinators, with HSBC Holdings as joint book runner, the statement said.

 

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Last Update: Wednesday, 20 May 2020 KSA 09:40 - GMT 06:40
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