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English news

21-Mar-2016

UAE based education and healthcare provider mulls IPO

Al Masah Capital Management, a Dubai based investment firm, is considering an IPO of its Al Najah Education Limited business in New York or London. Al Masah plans to start work on the share sale in 2018 and list on the Nasdaq or in the UK depending on capital market conditions. Al Najah, set up by Al Masah in 2012, operates school and nurseries in the UAE, Singapore, and Oman. The investment firm is also planning to do an IPO of its healthcare service provider Avivi Group and plans to list its shares on the London Stock Exchange. (Bloomberg)

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