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Dubai Investments, listed on the DFM, has acquired a 34.3% stake in Global Fertility Partners (GFP), expanding its healthcare portfolio. GFP, backed by $60 million in equity financing, aims to establish itself as the premier fertility network in the MENA region and globally ranked among the top 10. This strategic move marks Dubai Investments' fourth investment in the healthcare sector as part of its ongoing diversification strategy. The company is a major shareholder in pharmaceutical firm Globalpharma, with previous investments in real estate and financial services.
- The focus for GFP's expansion is initially on Saudi Arabia, where it plans to introduce new technologies on a larger scale, providing multiple benefits to patients and reducing treatment costs. The flagship facility in Riyadh is under construction and set to begin operations later this year. This funding round saw participation from institutional investors and family offices in Saudi Arabia and the UAE, alongside Dubai Investments. The healthcare sector in the UAE and the Gulf has witnessed significant investment, with a notable emphasis on specialist services rather than traditional hospital projects.
Why it matters
Dubai Investments expresses excitement about partnering with GFP, emphasizing its commitment to the sector's potential for lucrative and promising investments. The company pledges to support GFP's growth plans by leveraging synergies and reinforcing its dedication to shaping the future of healthcare investments.
