Abu Dhabi's IHC looks to list Pure Health by third quarter | Reuters
Abu Dhabi conglomerate International Holding Co (IHC) plans to list its Pure Health business late in the second quarter of this year or early in the third, IHC's chief executive said on Friday.
Pure Health, which has played a major role in screening for COVID-19 infections in the United Arab Emirates, is in the process of merging with Abu Dhabi Health Services (SEHA) following a deal announced last month.
"That integration is in a process ... then we want to go to the market," IHC CEO Syed Basar Shueb told Reuters in an interview.
"We are looking for an IPO this time. But it all depends on the situation and the interest of the investors," he said.
Multiply Group, another IHC subsidiary, listed directly on the Abu Dhabi Securities Exchange in December. read more Direct listings allow companies to list on the stock market without a traditional and more costly initial public offering.
