IPO
Subscription period to open on Friday, August 30, 2024, for individual investors in the UAE
Q2 global IPO activity experienced 15 percent drop in offerings and 31 percent decline in proceeds
The group saw increases of $37.3 million in outpatient revenue and $22.3 million in inpatient revenue
The UAE market contributed a remarkable 58 percent of 2023 IPO proceeds in the GCC region
In September 2022, PureHealth acquired a 26.05 percent equity stake in Ardent Health for $500 million
GCC region raised total proceeds of $3.6 billion from 23 IPOs during the first six months of 2024
The Kingdom raised $2.1 billion from 19 offerings, making up 59 percent of total GCC IPO proceeds
By exercising the greenshoe option, Aramco raised an additional $1 billion from the listing
The CMA has approved Arabian Mills' public listing application, and the company will publish the IPO prospectus soon
Alef Education's market capitalization reached $2.56 billion at the time of listing
Market cap on listing seen at $2.57 billion
