Today.. the start of the public offering of “Pure Health” shares on the Abu Dhabi Stock Exchange

Subscription for Pure Health Holding Company shares begins today, Wednesday, in the first market of the Abu Dhabi Securities Exchange.

According to the company's data, the subscription begins by offering 1.11 billion new shares for public subscription on the market, representing 10 percent of the company's total capital after listing.

The offering targets two tranches, one of which is for individual investors (the first tranche), to which about 4.5 percent of the offering shares have been allocated, representing 50 million shares.

Also, 95.5 percent was allocated to the segment of experienced investors (the second tranche), equivalent to 1.06 billion shares, and the subscription period specified for the first and second tranches ends on December 11, 2023.

The company set the offering price at 3.26 dirhams per share, as it expects to raise about 3.62 billion dirhams in additional capital upon completion of subscription to the public offering. The shares are expected to be listed and traded on the Abu Dhabi Securities Market on December 20, 2023.

At the beginning of this month, Pure Health announced the offering of shares for public subscription in the company in the United Arab Emirates only.

It explained that it will offer 1.11 billion ordinary shares in a public subscription, representing 10 percent of the total issued shares, and the offering price will be 3.26 dirhams, so that the total value of the offering shares will reach 3.62 billion dirhams.

The company's current capital amounts to 10 billion dirhams, distributed over 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.

PureHealth Holding Group announced earlier its intention to conduct an initial public offering, followed by listing its shares on the Abu Dhabi Securities Market.

PureHealth Holding Group stated that the market trading process is expected to begin in December 2023 after obtaining regulatory approvals and completing the relevant legal procedures.

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.