UAE Healthcare Provider Burjeel Holdings Seeking to Raise $750 Million From IPO - Bloomberg
Healthcare provider Burjeel Holdings is seeking to raise at least $750 million from an initial public offering in Abu Dhabi this year, according to people with knowledge of the matter who asked not to be identified because the matter is private.
Once listed, the United Arab Emirates-based firm, is considering a dividend payout ratio of 40% to 70% of net income from 2023 depending on its investment requirements at the time, according to a presentation for potential investors ahead of the offering that could come as soon as the third quarter.
Burjeel’s owner VPS Healthcare LLC has been courting potential investors including sovereign and pension funds to drum up support for the deal. Talks with more formal group and one-on-one meetings were expected to follow, Bloomberg has reported.
A representative for Burjeel declined to comment.
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