Burjeel Holdings to list 11% of share capital on ADX

Healthcare operator Burjeel Holdings plans to list 11 per cent of its share capital on the main market of the Abu Dhabi Securities Exchange (ADX) on Monday, October 10.

The subscription period for the listing will open on Friday, September 30, and close on Tuesday, October 4.

The company intends to offer 200.397 million new shares and VPS Healthcare Holdings offering up to 350,331,555 existing shares.

Of the offered shares, 10 per cent are to be allocated under the first tranche and 90 per cent are to be allocated under the second tranche.

The subscription period for the listing will open on Friday, September 30, and run until Tuesday, October 4.

The company will list its shares for trading on October 10.

For the year ended December 31, 2021, and the six months ended June 30, 2022, the Group had revenues of AED 3,351.0 million and AED 1,898.4 million, EBITDA of AED779.1 million and AED414.2 million, and net profits of AED 234.1 million and AED152.9 million, respectively.