Linklaters advises Burjeel Holdings on its IPO on the Abu Dhabi Securities Exchange

Linklaters suggested Burjeel Holdings on its preliminary public providing (IPO) on the Abu Dhabi Securities Exchange (ADX). The IPO represents the first itemizing by a privately owned firm in the United Arab Emirates (UAE) this yr.


Burjeel Holdings is a number one non-public healthcare service supplier working an built-in community of hospitals and medical centres in the UAE and Oman.


The providing obtained sturdy demand with an oversubscription stage of 29 instances from institutional and retail traders, elevating over AED 1.1bn (approx. US$300m) for the firm and its shareholder, VPS Healthcare Holdings. Upon itemizing, Burjeel Holdings is predicted to turn out to be considered one of the largest non-public healthcare corporations on ADX by market capitalisation.


The Linklaters cross-jurisdictional crew was led by London-based capital markets associate and co-head of the agency’s equities apply Jason Manketo, with assist from Dubai-based managing affiliate Patrick Sutton-Mattocks and London-based US affiliate Alexandra Kovaliouk.


Capital markets associate Jason Manketo, commented:


“We are happy to have assisted Burjeel Holdings in additional strengthening its place as a market chief in the healthcare sector. As the demand for high quality healthcare and medical excellence continues to be a key focus in the MENA area, we look ahead to seeing additional milestone developments for the firm in the future.”

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