Dubai – Mubasher: The UAE’s Abraaj Group on Wednesday announced that it would offer its stakes in healthcare businesses and hospitals sector on a foreign stock market.

Abraaj is weighing between London Stock Exchange (LSE) and the New York stock exchange (NYSE) for the offering, according to Alborsa newspaper.

The UAE-based group appointed Egyptian Financial Group Hermes Holding (HRHO) as the IPO’s bookrunner and lead manager, Alborsa reported.

The group will carry out partial exiting from some companies in the healthcare sector, the Egyptian newspaper revealed.