Healthcare giant PureHealth saw its bottom line decrease 88% y-o-y to AED 80 mn in the 3Q 2023, according to the company’s ADX numbers. Revenues rose 92.3% y-o-y to AED 4 bn during the quarter. On a nine-month basis, PureHealth’s bottom line fell 58% y-o-y to AED 1.2 bn, while revenues came in at AED 12 bn, rising 45% y-o-y.

Remember: PureHealth is offering a 10% stake (1.11 bn shares) on the ADX, with the shares set to begin trading tomorrow. Each share is being offered at AED 3.26, valuing the transaction at AED 3.62 bn.

More on PureHealth: Majority owned by ADQ, PureHealth is a Middle East healthcare giant with the UAE’s largest integrated healthcare network. The company has over 25 hospitals and some 100 clinics under its belt, alongside diagnostic centers, health ins. products and pharma.

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