PureHealth Holding has announced its intention to proceed with an initial public offering (IPO) and subsequently list its shares on the Abu Dhabi Securities Exchange in December, subject to approvals.
Shareholders in PureHealth are currently Alpha Dhabi Holding and International Holding Company, Healthcare Holding LLC, subsidiaries of the Abu Dhabi-based conglomerate IHC; and ADQ, an Abu Dhabi-based investment and holding company, by way of a wholly owned subsidiary.
PureHealth has a diverse UAE portfolio encompassing over 25 hospitals, 100 clinics, multiple diagnostic centers, health insurance solutions, pharmacies, health tech, and procurement.
In May, PureHealth recently completed its acquisition of Circle Health Group in the UK and Ardent Health Services in the US.
Volkswagen has sued Indian authorities to quash an "impossibly enormous" tax demand of $1.4 billion, arguing the ask is contradictory to New Delhi's import taxation rules for car parts and will hamper the company's business plans, court papers show.
Emirates says services to Beirut, Lebanon restart from Saturday with a daily flight. The airline also confirmed it will reinstate daily services to Baghdad in Iraq on the same day.
Abu Dhabi Ports Group has partnered with MAG Group Holding to develop the first phase of Marsa Zayed, a beachfront resort and residential community on the Red Sea in Aqaba, Jordan.