Burjeel Holdings Comes Out With A Public Offer; Finalises Share Price
The private healthcare corporation of UAE, Burjeel Holdings has come out with a public offer where stocks can be subscribed at 2 AED per share. Prior to the opening, the IPO subscribed 29 times to the allotments available. So, in all probability, the valuation of the stock will increase substantially from the offered price of 2 AED. Listing on ADX and trading is expected to start on October 10 2022.
Investors must note that only 11 percent of the shares of Burjeel Holdings will be made available for purchase by retail and other investors in the IPO. However, the substantial interest of the public in this IPO implies that the market capitalisation of this healthcare company will increase to 10.4 AED. So, it will become one of the most robust private healthcare companies as far as the stock market is concerned.Once the listing is done, VPS Healthcare Holdings pvt. Ltd. will own the majority stake in the company (70%).
Dubai Islamic Bank, along with the First Abu Dhabi Bank, has been facilitating the listing of Burjeel Holdings. In all probability, Burjeel Holdings will have the symbol BURJEEL at the Abu Dhabi Securities Exchange.
Have you considered investing in the Burjeel Holdings IPO? If yes, you must have received all the crucial bits of information here.
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