2023-06-16 07:37:18
Amanat Holding has chosen EFG Hermes and First Abu Dhabi Bank to manage the initial public offering of its healthcare platform on the Abu Dhabi market, according to people familiar with the matter.
The launch of the platform might raise regarding $200 million and might happen as soon as this year, according to the people, who asked not to be identified.
The people said the details of the offering are preliminary and may change. Representatives for Hermes, First Abu Dhabi Bank and Amanat declined to comment.
Amanat, which is listed on the Dubai Financial Market, said in March that it would consolidate its healthcare sector assets in Dubai platform Healthcare is preparing the unit for an IPO, without giving further details.
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