Dubai – Al Masah Capital Limited is planning to float a stake in Avivo Group, health care facilities operator, through an initial public offering (IPO) on the Dubai Financial Market (DFM).

Since its establishment, Al Masah Capital’s total assets have reached AED 6.24 billion ($1.7 billion), Al Masah’s founder Shailesh Dash said, according to Al Bayan newspaper.

There are no plans to offer Al Masah’s shares in the foreseeable future, Dash added, noting that the company is focusing on the development and the growth of its main activities.

Source: Mubasher

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