Aster DM Healthcare Founder Announces Plans for Dual Listing in UAE and Saudi Arabia Within 3-5 Years
Aster DM Healthcare, based in Dubai, intends to list on stock exchanges in both the UAE and Saudi Arabia in 3 to 5 years, as confirmed by its founder Azad Moopen in a CNBC Arabia interview.
The plan will allow investors, who currently hold a 65% stake, to exit the premium healthcare provider. Although the Moopen family will keep their shares, a small portion will be put up for sale.
This initiative supports the company's goal to enlarge its presence in the Gulf Cooperation Council, eyeing expansion in Kuwait, Qatar, and Oman.
Moopen pointed out the underserved Saudi healthcare market, particularly in pharmacy services, where the company plans to establish roughly 250 pharmacies in the coming years.
This initiative supports the company's goal to enlarge its presence in the Gulf Cooperation Council, eyeing expansion in Kuwait, Qatar, and Oman.
Moopen pointed out the underserved Saudi healthcare market, particularly in pharmacy services, where the company plans to establish roughly 250 pharmacies in the coming years.
