UAE healthcare firm Burjeel Holdings seeks local investors for planned IPO

UAE healthcare firm Burjeel Holdings seeks local investors for planned IPO

UAE

Abu Dhabi-based hospital operator Burjeel Holdings is seeking local investors for its planned initial public offering, two sources said, scrapping plans to seek foreign investors after Abu Dhabi’s International Holding Company (IHC) took a 15% stake this week.

Egypt-listed EFG-Hermes and JPMorgan are no longer involved in the deal, said the sources, declining to be named as the matter is not public.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter