By Staff writer
Dubai-based investment firm considers London or New York IPO for Al Najah Education Ltd
Dubai-based Al Masah Capital Management is said to be considering an IPO of its Al Najah Education in either New York or London, according to a report on Bloomberg.
The investment firm will start working on the share sale in 2018, with a planned listing on the Nasdaq or London, depending on market conditions, according to CEO Shailesh Dash.
Established in 2012, Al Najah Education operates schools and nurseries in the UAE, Singapore and Oman.
Dash also said Al Masah will launch an IPO of its healthcare service provider Avivo Group, with plans to raise $300 million from its listing on London Stock Exchange next year.
Al Masah, set up in 2010, currently manages in the in the region of $700 million across private-equity, asset management and real estate. He said the company plans to establish a new private-equity fund in 2018 that will focus on consumer-driven sectors, like retail, healthcare and education.