The Qatari conglomerate Estithmar Holding QPSC plans to hold an IPO of a subsidiary of Apex Health in Doha. This is reported by foreign media.
Estithmar Holding attracted Rothschild & Co. as a consultant on the proposed placement of shares Apex Health is listed on one of the quietest exchanges in the Middle East. Negotiations are ongoing, and a final decision on the timing and volume of the IPO has not yet been made.
Despite the Middle East conflict, the Qatar Investment Authority (QIA) sovereign wealth fund with a capital of $580 billion continues to conclude global deals and intends to allocate $500 million to implement the General Atlantic strategy. In addition, QIA joined the financing round of startup Whoop Inc. and the acquisition of American utility company AES Corp. for $10.7 billion.
Successful listing of Apex Health can contribute to a revival on the stock exchange Qatar, where only $375 million has been raised in two IPOs since 2020. In particular, Gulf International Services QSC intends to list shares of Al Koot Insurance and Reinsurance divisions and Amwaj Catering Services on the local stock exchange. Doha attracts global financial companies, but is inferior to the more famous financial centers of Dubai, Abu Dhabi and Riyadh.
Apex serves medical centers in Qatar, Iraq, Algeria and Libya and is expanding its presence in the Middle East through investments in hospitals and healthcare infrastructure.
Estithmar Holding is a Qatari investment company with headquarters in Doha. The company invests in various sectors of international business.
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