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SHUAA Capital Joint Lead Manager on NMC Health IPO

03 April 2012

SHUAA Capital, the leading financial services institution in the GCC region, is pleased to announce its role as joint lead manager for the successful initial public offering and admission of the entire share capital of NMC Health plc (“NMC”), a leading integrated UAE healthcare provider, to the premium listing segment of the Official List of the United Kingdom Listing Authority (UKLA) and to trading on the main market for listed securities on the London Stock Exchange (“LSE”).

His Highness Sheikh Maktoum Hasher Al Maktoum, Chairman of SHUAA Capital said: “We are very pleased to have been able to support NMC during its successful IPO; notable for being the first ever Abu Dhabi company to list on the London Stock Exchange. There was significant interest from a range of investors in the UK, US, Europe and the Middle East. We hope this IPO will further spotlight the GCC as a destination for investors looking to capitalise on strong emerging market companies.”

“This successful listing also reminds investors that there are many exciting UAE companies with solid fundamentals and experienced management teams. We have a pipeline of companies at different stages of readiness to bring to the market and we look forward to supporting them through the IPO process.”

The NMC offer was admitted to the LSE on 2 April 2012, at an offer price of 210 pence, raising gross proceeds of approximately £117 million ($187 million). An over-allotment option has been granted in respect of 15% of the offer by the existing shareholders. The market capitalisation at listing was approximately £390 million making it among the largest IPOs on the LSE in 2012. The primary proceeds are to be used by NMC as part of their growth plans which includes the construction of a new hospital in Khalifa City in Abu Dhabi, the continued development of a maternity hospital in Abu Dhabi, the acquisition of an operating day patient medical centre in Dubai, and the development of day patient medical centres in Dubai Investment Park (Dubai) and in Mussafah (Abu Dhabi).   NMC currently operates a broad and diverse network of healthcare facilities, including three speciality hospitals in Abu Dhabi, Dubai and Al-Ain, one general hospital in Dubai, one medical centre in Sharjah as well as eight pharmacies across Abu Dhabi, Dubai, Sharjah and Al-Ain.

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