The health service provider NMC Healthcare LLC from Abu Dhabi in the United Arab Emirates (UAE), has applied to be listed on the London Stock Exchange. This makes NMC the first company from the Emirates to target the stock market launch in London.
NMC estimates it will receive approval and start selling towards the end of March 2012. The company is hoping this will increase their capital by 250 million dollars.
The net underwriting revenue is supposed to be used to buy a new medical center in Dubai and to establish a maternity ward in Abu Dhabi.
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