By: Amr Adel
Dubai – Mubasher: Al Masah Capital plans to exit its stake in Dubai-based Avivo Group within 18 months.
Al Masah will either sell its stake in the capital or to a strategic investor, the company’s CEO Shailesh Dash said on the sidelines of a forum held by the company.
The company did not decide yet if it will offer the stake in the UAE stock markets or London Stock Exchange, the CEO added.
The health care services provider plans to expand, in other Gulf countries like Oman and Qatar by the end of 2016, through making acquisitions and opening new healthcare outlets.
Launching the initial public offering (IPO) of its Al Najah Education business will require two more years till the company increases its business volume and achieve the growth target, Dash added.
The Dubai-based alternative asset management firm considers making from 4 to 6 acquisitions in the real estate and education sectors, the CEO concluded.
Translated by: Julian Nabil
