AR/EN
An opportunity to invest
in PureHealth
PureHealth is pleased to present you with the opportunity to
subscribe to the PureHealth Initial Public Offering (IPO)
About PureHealth
The PureHealth is the largest vertically integrated healthcare group in the UAE with a cross category ecosystem covering hospitals, clinics, diagnostics, insurance, pharmacies, research, health tech, procurement along with an international footprint in the United States and the United Kingdom. With a mission to unlock time for humankind, the Group is pioneering groundbreaking innovations towards advancing the science of longevity. It is a brand which is synonymous with scientific innovation; by combining imagination and advances in technology and its dedication towards extending human life. The Company has also recently taken steps to expand internationally. The Company’s international expansion strategy focuses on acquiring ‘best-in-class’ healthcare assets and thereby increasing its global footprint and outreach. These acquisitions, in turn, are expected to enable the Company to channel best in class healthcare procedures, research and provide first-class levels of care in the UAE.
Our Leadership
Executive Management
Senior Management
Farhan Malik
Managing Director
Shaista Asif
Group Chief Operating Officer
Rashed Saif Al Qubaisi
Group Chief Corporate Affairs Officer
Manzoor Ahmad
Chief Finance Officer
Marwan Ali Mohammed Al Kaabi
Chief Critical Infrastructure Management & Response
Adnan Anjum
Chief Digital Officer
Junaid Khan
Chief Technology Officer
Umesh Bhandary
Chief Commercial Officer
Muhammad Junaid
Chief Performance Officer
Mohammad Rizwan Tufail
Chief Data Officer
Moqeem Ul Haque
Chief Officer People and Organization
Sadia Khuram
Chief Strategy Officer
Mohammad Anas Ghazi
Executive Director – Legal & Regulatory
Mr. Hamad Abdulla Mohamed Alshorafa Alhammadi
Chairman
Eng. Hamad Salem Mohamed Binlouteya Alameri
Board Member
Mr. Farhan Malik
Board Member and Managing Director
Mr. Semih Sen
Board Member
Ms. Mouza Saeed Khalfan Matar Alromaithi
Board Member
Key Metrics
Profit After Tax
144M USD
PAT - Nine Months Ended in September 30, 2023*
Gross Margin
144M USD
PAT - Nine Months Ended in September 30, 2023*
Net Asset Value
144M USD
PAT - Nine Months Ended in September 30, 2023*
Geographies
144M USD
PAT - Nine Months Ended in September 30, 2023*
Employee Network
144M USD
PAT - Nine Months Ended in September 30, 2023*
Hospitals
144M USD
PAT - Nine Months Ended in September 30, 2023*
Assets
Timeline for subscription
The Offer Period shall continue for six (6) days for the purposes of accepting Subscribers’ applications)
6 December 2023
Closing Date of Offering
11 December 2023
Allocation of Professional Offer Shares
13 December 2023
Allocation of Retail Offer Shares
14 December 2023
SMS Confirmation to all successful Subscribers
14 December 2023
Constitutive General Assembly *
15 December 2023
*if the Offer Shares are not fully subscribed and the Offer Period is extended or a quorum has not been reached, the date of the Constitutive General Assembly will be changed and this will be announced in two daily newspapers, one in Arabic and one in English.
Document Download
Prospectus EnglishHow to Subscribe
01
Read the Prospectus document
Lorem ipsum dolor sit amet consectetur. Imperdiet vitae aliquam donec quis sed. Fusce praesent scelerisque dolor risus rhoncus tincidunt metus amet. Nam arcu elementum lectus at tortor pellentesque. Semper mi nullam at justo sollicitudin ut.
02
Make an informed decision
Lorem ipsum dolor sit amet consectetur. Imperdiet vitae aliquam donec quis sed. Fusce praesent scelerisque dolor risus rhoncus tincidunt metus amet. Nam arcu elementum lectus at tortor pellentesque. Semper mi nullam at justo sollicitudin ut.
03
Make an informed decision
Lorem ipsum dolor sit amet consectetur. Imperdiet vitae aliquam donec quis sed. Fusce praesent scelerisque dolor risus rhoncus tincidunt metus amet. Nam arcu elementum lectus at tortor pellentesque. Semper mi nullam at justo sollicitudin ut.
04
You will be notified of the number of shares allocated to you.
Lorem ipsum dolor sit amet consectetur. Imperdiet vitae aliquam donec quis sed. Fusce praesent scelerisque dolor risus rhoncus tincidunt metus amet. Nam arcu elementum lectus at tortor pellentesque. Semper mi nullam at justo sollicitudin ut.
Document Download
About Pure Health Holding PJSC
Pure Health is the largest vertically integrated healthcare group in the United Arab Emirates with a cross category ecosystem covering hospitals, clinics, diagnostics, insurance, pharmacies, research, health tech, procurement along with an international footprint in the United States and the United
- Pure Health provides healthcare and diagnostics services in the UAE through its network of 23 hospitals, 58 clinics and a network of 148 It also operates a chain of pharmacies co-located with SEHA facilities and operates a full-service digital pharmacy catering to the prescription needs of SEHA outpatients and the broader UAE online prescription dispensing market.
- Additionally, Pure Health owns and operates the largest health insurance provider in the country. Pure Health also does procurement and distribution of medical consumables, equipment, and medicines through Rafed which is the first Group Purchasing Organization in the UAE and One Health which is the authorized distributor for some of the top brands in the medical and diagnostic devices Pure Health
- Pure Health Holding PJSC is a new standalone entity, formed and controlled by the
- The total Offering, comprising the New Shares and represents 10% of the total issued share capital of the Company, with the outstanding 90% held by the
- As such, at the time of listing, the Founders will remain a majority shareholder in Pure Health Holding
- Pure Health Holding will work to further develop its 6 distinct business segments and increase investments in Capital Deployment, as well as further fund the strategic growth opportunities going
The market in which Pure Health operates is attractive and growing. Pure Health aims to grow by increasing its market share and profitability across all its This is fueled by ambitions to build the largest tech-enabled integrated healthcare platform in the region along with establishing ‘centers of excellence’ across its healthcare assets which orchestrate a proactive and personalized patient experience.
Pure Health is the only company in the region that operates under a payor-provider model, encompassing both healthcare providers like SEHA and TMO Hospitals, and a payor, Daman, within its Additionally, it manages the country’s sole Group Purchasing Organization, Rafed. Beyond these, Pure Health also runs a pharmacy and a distribution business, establishing it as a unique entity without any direct peers.
• Pure Health generates income through its six distinct business segments:
These 6 verticals and underlying assets that comprise these verticals are:
A. Healthcare:
a. Abu Dhabi Health Services Company PJSC (“SEHA”);
b. Ambulatory Health Services (“AHS”)
c. The Medical Office Facilities Management LLC (“TMO”);
d. Abu Dhabi Stem Cell Center LLC (“ADSCC”) and Yas Clinic Group LLC (“YCG”)
e. Tamouh Healthcare LLC (“Tamouh”)
B. Diagnostics:
a. Pure Lab LLC
C. Pharmacy:
a. The Life Corner LLC
b. Dawak Healthcare Supplies LLC
D. Procurement and Distribution:
a. Rafed Healthcare Supplies LLC
b. One Health LLC
E. Insurance:
a. National Health Insurance Company PJSC (“Daman”)
F. Digital:
a. Pure Capital Investments LLC and its subsidiary Pure CS IT Infrastructure LLC (“PureCS”)
Name | Position |
Farhan Malik | Managing Director |
Shaista Asif | Group Chief Operating Officer |
Rashed Saif Al Qubaisi | Group Chief Corporate Affairs Officer |
Manzoor Ahmad | Chief Finance Officer |
Marwan Ali Mohammed Al Kaabi | Chief Critical Infrastructure Management & Response |
Adnan Anjum | Chief Digital Officer |
Junaid Khan | Chief Technology Officer |
Umesh Bhandary | Chief Commercial Officer |
Muhammad Junaid | Chief Performance Officer |
Mohammad Rizwan Tufail | Chief Data Officer |
Moqeem Ul Haque | Chief Officer People and Organization |
Sadia Khuram | Chief Strategy Officer |
Mohammad Anas Ghazi | Executive Director – Legal & Regulatory |
Name | Nationality | Capacity |
Mr. Hamad Abdulla Mohamed Alshorafa Alhammadi | Emirati | Chairman (Non-Executive / Independent) |
Eng. Hamad Salem Mohamed Binlouteya Alameri | Emirati | Board Member (Non-Executive / Non-Independent) |
Mr. Farhan Malik | British | Board Member and Managing Director (Executive / Non-Independent) |
Mr. Semih Sen | Turkish | Board Member (Non-Executive / Independent) |
Ms. Mouza Saeed Khalfan Matar Alromaithi | Emirati | Board Member (Non-Executive / Independent) |
TRANSACTION HIGHLIGHTS
- Listing on the Abu Dhabi Securities Exchange will raise new financing to allow Pure Health to make new investments and support the next phase of the company’s
- The proposed listing of Pure Health will also provide investors with access to Pure Health’s unique healthcare
Milestone | Date |
· Offer Commencement Date | 6 December 2023 |
· Closing Date of Offering | 11 December 2023 |
· Allocation of Professional Offer Shares | 13December 2023 |
· Allocation of Retail Offer Shares | 14 December 2023 |
· SMS confirmation to all successful subscribers | 14 December 2023 |
· Constitutive General Assembly | 15 December 2023 |
· Commencement of refunds of investment surplus to the subscribers and dispatch of allotment letters | 15 December 2023 |
· Expected date of listing the shares on the ADX | 20 December 2023 |
The public subscription for 1,111,111,111 Shares at AED 3.26 each, representing a total capital of AED 3.62 bn, which will represent 10% of the total issued shares of the Company as of the Listing
While the company intend to pay dividends in respect of the Shares, there can be no assurance that we will do so. Any decision to declare and pay dividends in the future will be made at the discretion of our Board of Directors and will depend on, among other things, applicable laws and regulations, our results of operations, financial condition, cash requirements, restrictions, our future projects and plans and other factors that our Board of Directors may deem
- The net proceeds from the Offering will be used by the Company for general corporate use as well as to finance any new growth opportunities including potential acquisitions of hospital groups and ancillary healthcare assets in the Middle East, Americas, Europe and the Far East regions. In addition to international expansion, a part of the proceeds would also be used to support the growth of Company’s various Subsidiaries within the Emirate of Abu Dhabi along with further expansion into other key Emirates through inter alia, the acquisition of medical practices and/ or healthcare service operators.
Through Pure Health’s IPO, potential investors have the chance to benefit from attractive returns through Pure Health’s unmatched vertically integrated healthcare platform, and its unique operational expertise and capabilities in delivering the best healthcare services in the region. However, investors are advised to consult your investment adviser, prior to take a decision to invest in the
OFFERING DETAILS AND HOW TO SUBSCRIBE
Pure Health announced its intention to float on the Abu Dhabi Securities Exchange on 1 December 2023, and subscriptions will open on 6 December 2023 and close on 11 December 2023 for Tranche 1 and Tranche 2
- Following types of investors will be eligible to subscribe in the Initial Public Offering:
- Retail Subscribers – investors (including natural persons, companies and establishments) who do not participate in the Professional Investors tranche and who hold a NIN with the ADX and have a bank account, except for any person who is a resident in the United
- Professional Investors (as defined in the SCA Board of Directors’ Decision No. 13/Chairman of 2021) (as amended from time to time).
- For full details of “Professional Investor” please refer to page 9 of the English version of the UAE Prospectus, which can be found on Pure Health’s Initial Public Offering webpage at https://purehealth.ae/investor-relations/
- A Professional Investor is a term defined in the SCA Board of Directors’ Chairman Decision 13/R.M of 2021
- For full details of “Professional Investor” please refer to page 9 of the English version of the UAE Prospectus, which can be found on Pure Health’s Initial Public Offering webpage at https://purehealth.ae/investor-relations/
The full definition of “Professional Investor” please refer to page 9 of the English version of the UAE Prospectus, which can be found on Pure Health’s Initial Public Offering webpage at https://purehealth.ae/investor-relations/
- Once the Company’s shares are listed, on or around 20 December 2023, there will be no restrictions on the shares being traded on the
- Any investors with a valid ADX NIN will be able to trade (buy or sell) shares on the
The following channels can be used to apply for an Abu Dhabi Securities Exchange National Investor Number:
Platform | Type of investor |
|
Abu Dhabi Securities Exchange App | For Individual Investors only (excluding minors below age 18) | |
ADX offices | For all Types of Investors Timings: Mon-Fri (8:00 am – 3:00 pm) | |
Licensed Brokerage Firms at the Abu Dhabi Securities Exchange | For all Types of Investors | |
SAHMI Application | For UAE citizens and residents |
Please refer to the Abu Dhabi Securities Exchange website for information on the process of registering for a National Investor Number at https://www.adx.ae/ or access the Abu Dhabi Securities Exchange FAQs.
ADX ePortal Subscription at https://www.adx.ae/English/Pages/Produc tsandServices/ipo.aspx | For all Types of Investors
Refer to the “ADX IPO ePortal Subscription Instructions” page and follow the instructions. Click on the IPO Subscription Link provided to subscribe for the First Tranche. |
- The subscription application must be submitted by a Subscriber to the Lead Receiving Bank’s participating branches, Al Maryah Community Bank LLC’s participating branches as listed in this Prospectus or through E-Subscription Channels listed in the Prospectus and the NIN with ADX and the Subscriber’s bank account number must be provided, together with payment in full for the amount he/she wishes to use to subscribe for the Offer Shares, which is to be paid in one of the following ways:
- Manager’s Cheque drawn on a bank licensed and operating in the UAE, in favor of “Pure Health Holding PJSC– IPO”.
- Debiting a Subscriber’s account with the Receiving Banks; or
- Electronic subscriptions (Please visit Pure Health’s Initial Public Offering webpage at https://purehealth.ae/investor- relations/ Page 39).
The offering price AED 26 per share
- A Subscriber should only submit an application for Retail Offer Shares or Professional Offer Shares. Multiple applications for the Retail Offer Shares under the same NIN number will be aggregated and the minimum guaranteed allocation will be applied only once per NIN, with the balance allocated on a pro-rata
- In the event a Subscriber applies for subscription in more than one type of Offer Shares, the Lead Receiving Bank in concurrence with the Company may deem one or both applications
- Minimum Subscription for Retail Offer Shares has been set at AED 5,000 (five thousand) with any additional investment to be made in AED 1,000 (one thousand) increments.
- The minimum subscription for Professional Offer Shares has been set at AED 5,000,000 (five million).
- No maximum subscription limit in the Offer Shares has been set for both the tranches
- Subscription amounts paid by way of cheque must be submitted by 12 pm (mid-day) on 8 December
- Subscription applications received through Online / Internet Banking and website / UAEPGS / FTS must be made before 5 pm on 9 December
- Subscription applications received by the Lead Receiving Bank’s and Al Maryah Community Bank’s participating branches as per the stipulated working timings referred to in Annex 3 of this Prospectus by 11 December
In case of over-subscription of the Retail Offer Shares, each Retail Subscriber will be guaranteed a minimum allocation of up to 250 (two hundred and fifty) Shares, subject to the limits and conditions set out in this Prospectus. The final minimum guaranteed allocation for each Retail Subscriber shall be determined at the end of the Offer Period based on the total number of Retail Subscribers. Retail Offer Shares available for allocation in excess of the aggregate minimum guaranteed allocation shall be allocated on a pro-rata
SMS confirmation to all successful subscribers will be sent on 14 December 2023
Surplus subsection funds will be refunded on 15th December
Please contact your relationship manager at one of the Receiving Banks for further
Trading is expected to begin on or around 20 December 2023, subject to regulatory approvals. Once the trading starts at ADX, you can buy or sell the
Please contact your relationship manager at the Receiving Banks or International Securities, for any further information, please visit Pure Health’s Initial Public Offering webpage at https://purehealth.ae/investor-relations/
Section II – Appendix – Branch list of participating receiving bank
Lead Receiving Bank Branches
S.No | Branch name | Branch Location-Area | Customer Timing | IPO Subscription Timings | Branch Address |
1 |
Business Park, Abu Dhabi |
Abu Dhabi | 08: am to 02:00 pm (Monday- Thursday); | 8 am to 1 pm – Mon – Thurs. |
Khalifa Park Al Qurm, PO BOX:6316 |
08:00 am to 12:30 pm (Friday) | 08:00 am to 12:00 pm (Friday) | ||||
08: am to 02:00 pm (Saturday) | 08: am to 01:00 pm (Saturday) | ||||
2 |
FAB One Tower, Abu Dhabi |
Abu Dhabi | 08: am to 02:00 pm (Monday- Thursday); | 8 am to 1 pm – Mon – Thurs. |
Intersection of Shaikh Khalifa street and Baniyas street,PO BOX:2993 |
08:00 am to 12:30 pm (Friday) | 08:00 am to 12:00 pm (Friday) | ||||
08: am to 02:00 pm (Saturday) | 08: am to 01:00 pm (Saturday) | ||||
3 |
Khubeirah |
Abu Dhabi | 08: am to 02:00 pm (Monday- Thursday); | 8 am to 1 pm – Mon – Thurs. |
Near Spinneys Khalidya Street Abu Dhabi |
08:00 am to 12:30 pm (Friday) | 08:00 am to 12:00 pm (Friday) | ||||
08: am to 02:00 pm (Saturday) | 08: am to 01:00 pm (Saturday) | ||||
4 |
Al Batin |
Abu Dhabi | 08: am to 02:00 pm (Monday- Thursday); | 8 am to 1 pm – Mon – Thurs. |
Street No. 9 Next to Bateen Bus Terminal and Al Bateen Mall;PO BOX:7644 |
08:00 am to 12:30 pm (Friday) | 08:00 am to 12:00 pm (Friday) | ||||
08: am to 02:00 pm (Saturday) | 08: am to 01:00 pm (Saturda) | ||||
5 |
Al Ain New |
Al Ain – Abu Dhabi | 08: am to 02:00 pm (Monday- Thursday); | 8 am to 1 pm – Mon – Thurs. |
Al Ain New PO BOX: 17822 |
08:00 am to 12:30 pm (Friday) | 08:00 am to 12:00 pm (Friday) | ||||
08: am to 02:00 pm (Saturday) | 08: am to 01:00 pm (Saturday) | ||||
6 |
Sheikh Zayed Rd. |
Dubai | 08: am to 02:00 pm (Monday- Thursday); | 8 am to 1 pm – Mon – Thurs. |
ALQUZE NEXT TO GOLDEN DAIMOND ;PO BOX:52053 |
08:00 am to 12:30 pm (Friday) | 08:00 am to 12:00 pm (Friday) | ||||
08: am to 02:00 pm (Saturday) | 08: am to 01:00 pm (Saturday) | ||||
7 |
Deira Branch (ABS) |
Dubai | 08: am to 02:00 pm (Monday- Thursday); | 8 am to 1 pm – Mon – Thurs. |
Abu Baker Al Siddique Rd, Deira |
08:00 am to 12:30 pm (Friday) | 08:00 am to 12:00 pm (Friday) | ||||
08: am to 02:00 pm (Saturday) | 08: am to 01:00 pm (Saturday) | ||||
8 | Sharjah | Sharjah | 08: am to 02:00 pm (Monday- Thursday); | 8 am to 1 pm – Mon – Thurs. | Al Reem Plaza, Ground floor Buheira Corniche, |
S.No | Branch name | Branch Location-Area | Customer Timing | IPO Subscription Timings | Branch Address |
|
|
| 08:00 am to 12:30 pm (Friday) | 08:00 am to 12:00 pm (Friday) | Sharjah;PO BOX:1109 |
08: am to 02:00 pm (Saturday) | 08: am to 01:00 pm (Saturday) | ||||
9 |
Ajman |
Ajman | 08: am to 02:00 pm (Monday- Thursday); | 8 am to 1 pm – Mon – Thurs. |
Lulu Center, Al Ittihad street, Downtown, Ajman |
08:00 am to 12:30 pm (Friday) | 08:00 am to 12:00 pm (Friday) | ||||
08: am to 02:00 pm (Saturday) | 08: am to 01:00 pm (Saturday) | ||||
10 |
Fujairah |
Fujairah | 08: am to 02:00 pm (Monday- Thursday); | 8 am to 1 pm – Mon – Thurs. |
Opposite to Plaza Theatre Hamdan Bin Abdulla street;PO BOX:79 |
08:00 am to 12:30 pm (Friday) | 08:00 am to 12:00 pm (Friday) | ||||
08: am to 02:00 pm (Saturday) | 08: am to 01:00 pm (Saturday) | ||||
11 |
RAK (LNBAD) |
Ras Al Khaimah | 08: am to 02:00 pm (Monday- Thursday); | 8 am to 1 pm – Mon – Thurs. |
FAB RAK (LNBAD) , Corniche Al Qawasim Road , Near to NMC Royal Medical Center , RAK |
08:00 am to 12:30 pm (Friday) | 08:00 am to 12:00 pm (Friday) | ||||
08: am to 02:00 pm (Saturday) | 08: am to 01:00 pm (Saturday) | ||||
12 |
Umm Al Quwain |
Umm Al Quwain | 08: am to 02:00 pm (Monday- Thursday); | 8 am to 1 pm – Mon – Thurs. |
Building No 211, King Faisal Road Al Maidan Area, Umm Al Quwain;Po BOX:733 |
08:00 am to 12:30 pm (Friday) | 08:00 am to 12:00 pm (Friday) | ||||
08: am to 02:00 pm (Saturday) | 08: am to 01:00 pm (Saturday) |
Al Maryah Community Bank LLC Branches
# |
Branch name |
Branch Location- Area | Customer Timing (Monday -Saturday ) | IPO Subscription Timings (Monday – Saturday ) |
Branch Address |
1 | Al Maryah Community Bank, Innovation Hub |
Abu Dhabi |
Mon-Sat: 8AM to 06PM |
Mon-Sat: 8AM to 06PM | Al Maryah Community Bank, Innovation Hub, 454 Shakbout Bin Sultan Street, Abu Dhabi, UAE |
2 | Al Maryah Community Bank, Mall of the Emirates |
Dubai |
Mon-Sat: 10AM to 06PM |
Mon-Sat: 10AM to 06PM | Al Maryah Community Bank, Level 1, Ski Dubai Entrance, Mall of the Emirates, Dubai, UAE |
3 | Al Maryah Community Bank, ADNOC HQ |
Abu Dhabi |
Mon-Fri: 8AM to 4PM |
Mon-Fri: 8AM to 4PM | Al Maryah Community Bank, ADNOC HQ, Corniche, Abu Dhabi, UAE |
Wio Bank is only by way of E- subscription
Receiving Banks
FAB Building Khalifa Business Park, Al Qurm District, PO Box 6361, Abu Dhabi, UAE
Etihad Airways Centre, 5th Floor, Al Muneera Street, PO Box 112457, Abu Dhabi, United Arab Emirates
454 Shakhbout Bin Sultan St – Al Mushrif, P. O. Box 111485, Abu Dhabi, United Arab Emirates
Lets Start Working
Together.
