Al Noor to raise cash in London

City A.M. Reporter
ABU DHABI healthcare firm Al Noor Hospitals has become the latest firm to eye up a London fundraising, with plans to raise between $320m and $390m (£205.6m and £250.6m) by offloading up to 34 per cent of the company’s stock.

Of the total offering, around $150m will be from the issue of new shares.

It follows rival UAE health provider NMC Healthcare, which last year raised £117m, onto the London stock market.