DUBAI/ABU DHABI, July 17 (United Arab
Emirates-based private equity firms Ithmar Capital and Gulf
Capital are looking to sell shares to the public as they seek
cash for new investments, according to sources.
Dubai-based Ithmar Capital, which manages over $800 million
in investments, is looking to raise 3 billion dirhams ($816.8
million) for new assets, particularly in the education and
healthcare industry, two sources said.
Abu Dhabi-based buyout firm Gulf Capital is considering an
IPO to access more capital and expand its offering in the
region, three people said, with one saying the listing was
earmarked for the Abu Dhabi Securities Exchange before the end
of the year.
(Reporting by Nadia Saleem and Stanley Carvalho Editing by