Ithmar Capital, a private equity firm based in Dubai, has announced the initial public offering of its portfolio company, Al Noor Hospitals Group, on the London Stock Exchange.
Ithmar Capital will retain a 28 percent stake in Al Noor after selling some shares in the offering. As DubaiBeat reported back in 2010, it had taken a $272 million equity stake in Al Noor Hospital back then. Their IPO prospectus is here.
Ithmar Capital is listed in the Middle East Investors Directory with the code OR32.
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