UAE's IHC plans IPOs of its health and IT business divisions

UAE's IHC plans IPOs of its health and IT business divisions

International Holding Company plans to sell 20% of its technology unit in an initial public offering next year, its CEO told Reuters, adding that the UAE’s IHC is aiming for a first-quarter IPO of Pure Health to raise more than $1 billion.

IHC, which rose from relative obscurity to become the United Arab Emirates’ largest publicly traded company worth more than $200 billion, has been on a consolidation and acquisition drive.

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