The healthcare market in Saudi is among the largest in the Gulf region, offering attractive investment opportunities.
Saudi-based investment management and advisory firm Jadwa, and UAE-based private investment group Gulf Islamic Investments (GII), announced today that Jadwa Healthcare Opportunities Fund 3 – a fund managed by Jadwa – has sold its majority stake in Al Meswak Dental Clinic (Al Meswak) to GII and Jadwa Healthcare Opportunities Fund 5, a newly formed fund managed by Jadwa.
GII has a strong healthcare portfolio, comprising investments in care homes in Germany and private hospitals, as well as pharmaceutical and diagnostic reagent manufacturers in India.
The acquisition builds upon GII’s strong presence in the Gulf region, where many of its investors are based.
The company, which has an investment portfolio of more than $3 billion (11.25 billion riyals) in assets under management, continues to pursue new growth investment opportunities in the GCC, as well as overseas.
Jadwa Investment is a private equity investor in Saudi and the wider region. The sale of Al Meswak marks the firm’s seventh private equity exit and brings its aggregate private equity distributions to clients to 6.5 billion riyals.