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FINANCIAL NEWS
Amanat acquires 35 percent Sukoon stake for USD47.77m
13 Aug 2015
(MENAFN) Dubai’s Amanat Holdings said it bought a 35 percent stake in Saudi healthcare company Sukoon International Holding for USD47.77 million, which has operations in Jeddah and expansion plans in Riyadh.
CEO of Amanat said critical care medical services sector in Saudi is in its early stages with demand forecast to reach 12,936 beds. Currently, demand is met inefficiently in terms of cost and quality by conventional hospitals.
Amanat’s development and investment strategy is to partner with companies that demonstrate a strong shareholder base, proven management and differentiated business model,” Chairman of Amanat said.
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