The shares of Pure Health Holding Company, listed on the Abu Dhabi Securities Market, jumped during Wednesday's trading, which was its first trading in the market.
During today's trading, by 10:55 am UAE time, the stock rose by 57.36 percent to a price of 5,120 dirhams.
According to market data, the stock witnessed transactions of 20,122 million shares worth 113,050 million dirhams, distributed over 2,694 transactions.
Today, Wednesday, the Abu Dhabi Securities Market witnessed the listing and start of trading in PureHealth Holding Company shares in the market.
The shares of PureHealth Holding Company have been listed and started trading on the First Market - Class One, within the healthcare sector, and its shares will be traded under the symbol (PUREHEALTH) and the international identification number (AEE01362P238).
The company offered 1.11 billion ordinary shares in a public subscription, representing 10 percent of the total issued shares. The offering price will be 3.26 dirhams, so that the total value of the offering shares amounts to 3.62 billion dirhams.
The company's current capital amounts to 10 billion dirhams, divided into 10 billion shares with a nominal value of one dirham per share.
After the offering, the company's capital will be 11.11 billion dirhams, divided into 11.11 billion ordinary shares with a value of one dirham per share.
According to the company's statement, the offering began on December 6, 2023 and ended on December 11, and First Abu Dhabi Bank was appointed as the subscription manager and the main subscription receiving bank. UBank and the local Al Mariah Bank were appointed as receiving banks for the offering.
The company also allocated 50 million shares, representing 4.5 percent of the offering shares, for the first tranche for ordinary subscribers, and there is no maximum limit on the size of subscription requests for the offering shares for the first tranche for ordinary subscribers.
The minimum size of subscription applications for the first tranche for ordinary subscribers is 5,000 dirhams, with any additional applications in increments of 1,000 dirhams.
The company also allocated 1.061 billion shares to the second tranche (professional subscribers), representing approximately 95.5 percent of the offering shares.
PureHealth Holding Group announced earlier its intention to conduct an initial public offering, followed by listing its shares on the Abu Dhabi Securities Market.
The list of shareholders in the “PureHealth” group currently includes Alpha Dhabi Holding Company (ADX: ALPHADHABI) and IHC Healthcare Holding Company, which are affiliated with the International Holding Company (IHC) conglomerate, based in Abu Dhabi, and ADQ, the investment and holding corporation based in Abu Dhabi. Through a wholly owned subsidiary.
