Home » Dubai Investors »


|| Dubai private equity firm acquired stake in a healthcare firm for $272 million

Ithmar-Al-Noor-Medical.jpgDubai investors of Ithmar Capital, a private equity company based in Dubai, has taken a $272 million equity stake in Al Noor Medical Company in Abu Dhabi.

Al Noor was founded 25 years ago and is a privately-run healthcare company that operates three hospitals, three clinics and 10 pharmacies in Abu Dhabi and treats 1.2 million patients a year. Dubai investors Ithmar’s capital injection is designed to fund an expansion of Al Noor through acquisitions, new development, public-private partnerships and strategic equity investments. The idea is to create a regional healthcare services company. The healthcare market in the Gulf is expected to grow fivefold by 2025 and the GCC healthcare sector was estimated to be valued at between $15 billion and $18 billion last year.

The $272 million stake in Al Noor is the largest Ithmar has made since it was founded in 2005. Ithmar has more than $544 million in assets under management and is listed in the Middle East Investors Directory with the code OR32.

More details from their release follows



Previous Post: Barwa Real Estate acquired London Project for $370 million
Next Post: Saudi investment firm to acquire 20% stake in Indian infrastructure company

More from Dubai Investors ...


  Dubai firm DP World acquires $50 million stake in Virgin Hyperloop (September 2018)

  Dubai firm acquired Denmark logistics company for $762 million (August 2018)

  Dubai investors of ICD acquired 25% of Italian firm CAI (July 2018)

  Middle East investors acquired stake in online firm Bloovo.com for $3 million (June 2017)

  Dubai investors of GII acquired stake in Canadian firm Nymi for $15 million (May 2017)

  Dubai firm acquired 51% of fashion website Namshi for $151 million (May 2017)

  Middle East investors acquired Amazon's largest UK distribution warehouse for $76 million (April 2017)

  Dubai private equity firm invested $50 million in South American home designer (March 2017)

  Dubai deVere Group acquires private bank in the Caribbean (February 2017)

  Dubai investment firm acquired California shopping center Poinsettia Plaza (February 2017)




|| About Us

Established in 2007, DubaiBeat.com provides insight, analysis and research on Middle East investors.

We cover different asset class investors like private equity, venture capital, hedge funds and real estate investors from the Middle East and broader MENA region.


|| Subscribe















Copyright 2007-2018 DubaiBeat.com    Sitemap  |  Terms  |  Privacy Policy

Follow us: RSS Feed   Facebook    Twitter