Amanat Hires FAB, EFG for Healthcare IPO in Abu Dhabi - Bloomberg
Amanat Holdings PJSC, a Dubai-based health care and education investment firm, has picked EFG Hermes and First Abu Dhabi Bank PJSC to manage the planned initial public offering of its health care unit in Abu Dhabi, according to people familiar with the matter.
Amanat Healthcare’s offering could raise about $200 million and may happen as soon as this year, the people said, asking not to be identified as the information isn’t public.
Details of the offering are preliminary and may change, the people said. Representatives for EFG Hermes, FAB and Amanat declined to comment.
Amanat, which is listed on the Dubai Financial Market, said in March that it would consolidate the assets of its health care vertical into Amanat Healthcare and prepare the unit for an IPO, without giving further details. Its shares rose as much as 5.8% on Friday.
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