Al Noor Medical plans IPO in 2013
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Al Noor Medical plans IPO in 2013

Al Noor Medical plans IPO in 2013

The private equity consortium which owns half of Abu Dhabi healthcare provider Al Noor Medical has decided to revive plans to sell its stake through a stock market listing in 2013, Reuters has reported, citing four sources aware of the matter. Al Noor Medical operates a number of hospitals, clinics and pharmacies in Abu Dhabi. Healthcare businesses in the Gulf region are expected to boom in coming years as rising wealth couples with an increase in so-called lifestyle diseases - five of the six Gulf nations are in the global top 10 for prevalence of diabetes, according to the International Diabetes Federation.

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    AMEinfo Staff

    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

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