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FINANCIAL NEWS
Dubai’s Abraaj makes significant gains from Acibadem sale
29 Jan 2012
(MENAFN) Dubai-based Abraaj Capital reported “very significant” returns from the sale of its 50 percent stake in Turkey’s Acibadem Saglik Yatirimlari to Malaysia’s Khazanah Nasional Bhd., Bloomberg reported.
Khazanah Nasional Bhd. Acquired a 75 percent stake in Acibadem Saglik Yatirimlari, Turkey’s largest hospital chain, and affiliated companies from Dubai-based Abraaj and Turkey’s Aydinlar family for USD1.68 billion.
Abraaj inceased Acibadem’s hospital network from six to 14, and raised its bed capacity to 1,850 from 750, the company said.
Abraaj Capital was founded in 2002, and has currently more than USD7 billion in assets, and its funds have holdings in more than 35 companies.
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