After the strong demand achieved by the subscription of the Burjeel Holding Company, it managed to achieve a good performance during the first week of its circulation in the Abu Dhabi market, amid market gains exceeding two billion dirhams.
The market value of the share climbed to 12.49 billion dirhams during the first week of trading on the Abu Dhabi market from a value of 10.
The largest healthcare firm listed on the Abu Dhabi Securities Market, with a market capitalization of 4 billion dirhams.
Burjeel’s arrow managed to increase by 20% to 2. 4 dirhams per share in the first five sessions of its circulation, surpassing the offering price of 2 dirhams.
With a trading volume of 329.2 million shares, Burjeel shares attracted transactions of 796. 6 million dirhams within the first week.
The inclusion and launch of trading in the shares of the “Burjeel Holding” company within the first-class market were witnessed last Monday at the Abu Dhabi Securities Market.
As the entire demand for the first public offering reached more than 32 billion dirhams, exceeding the subscription demands by 29 times, the offering procedure generated total revenues of 1.1% of the company’s total capital.
The price of Burjeel Holding’s final sale of shares was 2 AED, making the business the largest health care company listed on the Abu Dhabi Securities Market with a market value of 10.4 billion dirhams at the time of listing.
The group saw that the price of the proposal for the share provides investors with a value deal that reflects the confidence of the seller in the long run in the growth path taken by the group and its desire to improve its performance after the inclusion.
Starting in 2023, the company aims to start paying cash dividends at an expected rate of 40 to 70 percent of net income, depending on the investments required to carry out subsequent growth plans.
With the opening of LLH Hospital in Abu Dhabi in 2007, Barjeel Holding Company was founded with the goal of enabling high-quality healthcare for all populations in the United Arab Emirates through quality assurance and clinical care excellence. The organisation currently manages an integrated health care network. The network of the firm consists of 61 facilities, including 16 hospitals and 23 medical centres. It offers primary, secondary, and three-way care services, and it plans to start growing in the Kingdom of Saudi Arabia soon.
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The market gains of “Barjeel Holding” in Abu Dhabi in its first week exceeded two billion dirhams.
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