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Al Noor Hospitals valued at $1bn in London market debut

Published: 21 Jun 2013 - 09:38 am | Last Updated: 01 Feb 2022 - 11:01 am

LONDON: Abu Dhabi healthcare firm Al Noor Hospitals priced its London initial public offering at 5.75 pounds per share on Friday, valuing the company at 672 million pounds or $1.04 billion.

Al Noor, the largest private healthcare provider in the oil-rich emirate, had originally set a price range of 5.25 to 7.25 pounds per share for the sale of a 32.9 percent stake.

Its stock is due to begin trading at 0700 GMT. (Reuters)