Burjeel Holding Company announced on Monday its intention to list 11% of its share capital in the main market of the Abu Dhabi Securities Exchange.
Subscription for the IPO will open on Friday 30 September and close on Tuesday 4 October. The company intends to list its shares for trading on the Abu Dhabi Securities Exchange as of Monday 10 October.
The company intends to offer 200,397,665 new shares, while VBS Healthcare Holdings BVT Ltd (the selling shareholder) intends to offer up to 350,331,555 of the existing shares.
In the event that all shares have been subscribed and allocated and the offer size is not increased, the total offer size is expected to be 11% of the total issued ordinary shares in the company’s capital.
10% of the offered shares will be allocated for the first tranche to individual investors, while 90% of the offered shares will be allocated to the second tranche.
