UAE’s PureHealth Seeks To Raise $1 Billion in Abu Dhabi IPO

PureHealth Holding, a health-care platform controlled by one of Abu Dhabi’s wealth funds and its largest conglomerate, plans raise almost $1 billion from an initial public offering in the United Arab Emirates’ capital.

The firm plans to offer 1.11 billion shares, or a 10%, at 3.26 dirhams a share, according to a statement on Friday. The subscription period starts on Dec. 6 and will end on Dec. 11 for both institutional and retail investors.

As part of the plans, several companies including Abu Dhabi Health Services Co., known as SEHA, and National Health Insurance Co., known as Daman, were ...