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FINANCIAL NEWS
Dubai’s Abraaj invests USD145m in North Africa healthcare
02 Mar 2015
(MENAFN) Dubai-based private equity firm Abraaj Group is set to lead an investment of USD200 million in the new North Africa Hospital Holdings Group (NAHHG), Arabian Business reported.
The firm, through the transaction, aims at improving the quality and accessibility of healthcare in Egypt and Tunisia. The transaction is in partnership with the European Bank for Reconstruction and Development (EBRD), German DEG, and France-based Proparco.
The Abraaj Group is set to make a contribution of USD145 million,
DEG and Proparco are providing USD15 million each, while EBRD is to provide an equity investment of USD25 million.
“Our investment in the North Africa Hospital Holdings Group is based on our capacity to bring our deep global experience in healthcare to markets that benefit the most from them,” head of Middle East and North Africa at The Abraaj Group said in a statement.
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