Burjeel Holdings on Monday announced its intention to list 11 per cent of its share capital on the main market of the Abu Dhabi Securities Exchange (ADX).

The subscription period for the listing will open on Friday 30th September and close on Tuesday 4th October. The Company intends to list on ADX on Monday 10th October.

The Company’s planned listing will provide investors with an opportunity to gain exposure to one of MENA’s leading private healthcare service providers.

The Company intends to offer 200,397,665 new shares, and VPS Healthcare Holdings (Selling Shareholder) intends to offer up to 350,331,555 existing shares in the Company’s issued share capital (the Offering).

If all of the Shares are subscribed for and allocated and the offer size is not increased, the total offer size is currently expected to be 11 per cent of the enlarged issued share capital of the Company.

Of the offered Shares, 10 per cent are to be allocated under the First Tranche and 90 per cent are to be allocated under the Second Tranche.

Commenting on the planned listing, Dr Shamsheer Vayalil Parambath, Chairman of Burjeel Holdings, said, “Today’s announcement builds on our partnership with International Holding Company which will have a transformative impact for Burjeel Holdings through the addition of new capabilities, capital, and access to new markets. As healthcare expenditure continues to increase across the region, Burjeel Holdings is strongly positioned to benefit through our focus on providing complex, specialised medicine for all socioeconomic groups, through a targeted, multi-brand strategy.