Dubai's Al Masah eyes NY or London for education unit IPO

Dubai

AL MASAH Capital Management Ltd, a Dubai-based investment firm, is considering an initial public offering of its Al Najah Education Ltd business in New York or London.

Al Masah plans to start working on the share sale in 2018 and list on the Nasdaq or in the UK capital depending on market conditions, chief executive officer Shailesh Dash said. Al Najah, set up by Al Masah in 2012, operates schools and nurseries in the United Arab Emirates, Singapore and Oman. Mr Dash declined to give a potential value.