Sunday 20 March 2016

Dubai’s Al Masah mulls London or New York IPO for education unit | GulfNews.com

Dubai’s Al Masah mulls London or New York IPO for education unit | GulfNews.com:

"Al Masah Capital Management Ltd, a Dubai-based investment firm, is considering an initial public offering of its Al Najah Education Ltd business in New York or London.

Al Masah plans to start working on the share sale in 2018 and list on the Nasdaq or in the UK capital depending on market conditions, Chief Executive Officer Shailesh Dash said in an interview. Al Najah, set up by Al Masah in 2012, operates schools and nurseries in the UAE, Singapore and Oman. He declined to give a potential value.

The investment firm is also planning an IPO of health care service provider Avivo Group and plans to list its shares on the London Stock Exchange next year, Dash said. The company expects to raise about $300 million (Dh1.1 billion) from the sale, he said. MEED reported earlier this month that Al Masah had hired banks for the Avivo offering."



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