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.
More details follows: