News & Updates

PureHealth Makes Remarkable Market Debut on ADX with 76% Surge

Abu Dhabi, [Date], 2024 - PureHealth, the Middle East's largest healthcare platform, experienced a stellar debut on the Abu Dhabi Securities Exchange (ADX). Shares opened at Dh5.5, a significant 76.07% increase from the IPO price of Dh3.26 per share, closing the day at Dh5.74. The company offered 1.11 billion shares, representing 10% of its share capital worth Dh3.62 billion. The subscription process saw remarkable demand, with oversubscription levels reaching 54 times for professional subscribers and an astonishing 483 times for…

Aster Pharmacy Achieves Zero-Plastic Milestone, Incorporates 7.4 Million Paper Bags Annually

Dubai, January 10, 2023 - Aster Pharmacy, a key player in the GCC retail landscape and a part of Aster DM Healthcare Group, proudly declares its successful transition to zero-plastic usage over the last three years. In harmony with the UAE's Green Agenda 2023, Aster Pharmacy's pioneering initiative involves the integration of 7.4 million paper bags annually, supporting the nation's commitment to combat plastic pollution. Launched in 2020 as part of Aster DM Healthcare's Green Choices initiative, Aster Pharmacy positioned…

Middle East Healthcare Announces Sukuk Issuance Plans on Riyadh’s Tadawul Exchange

Riyadh- Middle East Healthcare, a prominent entity listed on Riyadh's Tadawul exchange, declared its intention to issue sukuk in a statement released on Tuesday. The company disclosed that the issuance amount will be determined at a later date, contingent on prevailing market conditions. The sukuk, set to be issued in a specified denomination of SAR 1,000 as outlined in Middle East Healthcare's prospectus, is part of the company's strategic financial plans. The proceeds from this offering will be allocated for…

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