The private equity consortium which owns half of Abu Dhabi healthcare provider Al Noor Medical is reviving plans to sell its stake through an IPO next year, reports have revealed.

The group, including Dubai-based Ithmar Capital and Qatar First Investment Bank is looking for new advisers after dropping HSBC Holdings and JP Morgan Chase following an aborted previous listing, Reuters said.

The banks initially held informal investor meetings on a potential IPO last year, but a disagreement between owners and investors over the company’s valuation delayed the plan.

Banks and law firms are reported to have pitched for bookrunner and legal adviser roles.

Bankers said whilst the group has been looking at all markets, the most likely destination for the listing is London.

Details surrounding the share sale and how much the company will raise are yet to be confirmed.

In April, Abu-Dhabi based healthcare provider NMC Health raised £117 million from an IPO, becoming the first company from the emirate to list on the London Stock Exchange.