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The offering comprised 1.15 billion shares of the company, 23 percent of total capital, priced at AED 2.8 each

At the close of the subscription period, the retail tranche was oversubscribed 600 times

Delivery Hero will continue to retain majority interest in the business after the listing

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