"UAE healthcare provider Al Noor Hospitals Group aims to raise some $150 million through an initial public offering (IPO) of shares on the London Stock Exchange (LSE) (LSE.L) to finance planned acquisitions.
The Abu Dhabi-based group, the largest private healthcare provider in the oil-rich emirate, is looking at several acquisition opportunities within the UAE, including a $50 million speciality treatment centre, said Sami Alom, chief strategy officer, declining to provide further details.
Al Noor is the second UAE healthcare company to launch an IPO and list on the LSE. In 2012, NMC Healthcare (NMC.L) raised 117 million pounds ($186.9 million), joining a growing list of Gulf companies seeking overseas listings in preference to moribund regional equity markets."
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