30 Nov 2023

Hadef & Partners advise PureHealth Holding on their IPO and Listing on the Abu Dhabi Securities Exchange

Authored by: Hadef & Partners Press Office

Hadef & Partners is proud to have advised PureHealth Holding, the Abu Dhabi based healthcare conglomerate, in connection with its initial public offering and listing on the Abu Dhabi Securities Exchange (ADX). The announcement of the IPO was made on 1 December 2023. Subscription will start on 6 December 2023 and close on 11 December 2023 with a target listing of 18 December 2023 on ADX.

The offering is expected to raise over AED 3.6 billion.

Hadef & Partners was appointed as legal counsel for the IPO and we advised on the restructuring process, legal and regulatory compliance, disclosure requirements, corporate governance and other related matters.

This is the second IPO handled by Hadef & Partners in the final quarter of 2023 and a great way to close out an exceptional year for our Capital Markets team. Hadef & Partners is proud of its track record of listings on ADX in general and of IPOs in particular.

The Hadef & Partners team in Abu Dhabi was led by the Abu Dhabi Executive Partner and Head of Corporate, Yasser Omar. Core team included, partner Mahmoud El Gharabawy, senior associate Marwan Abdel Hamid, associate Jhan Litov and associate Muhammad Omar