V. with me. S Healthcare offering its shares in the Abu Dhabi market; Where it invited a group of banks to apply for roles in the offering process.
According to Arabiya Net, two informed sources, who requested anonymity, told Reuters that the matter was not made public, and that a request was sent to banks earlier this month. For suggestions.
The owner of the company is studying the possibility of completing the process this year, and they added that no final decision has been made on the IPO. They did not go into further details.
VBS did not respond to a request for comment when contacted by Reuters on Monday.
The company, which operates Burjeel Hospitals in the UAE, has a network of 24 hospitals and 125 clinics in various regions in the Middle East and India.
VBS had previously planned a public offering with a London listing but had to reconsider in 2019 due to the uncertainty surrounding Britain's exit from the European Union.< /p>
Investor interest in Abu Dhabi is gaining momentum after a series of listings last year including ADNOC Drilling, Vertiglobe and Yahsat.
The value of trading on the Abu Dhabi Stock Exchange increased fivefold last year to 739 billion dirhams (201.22 billion dollars).
