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FINANCIAL NEWS
Saudi Sanabil buys 20 percent of Almana General Hospitals
15 Feb 2016
(MENAFN) Saudi Arabia’s fund Sanabil Investments attained 20 percent stake in Almana General Hospitals, in order to expand the Saudi economy.
Moreover, Sanabil was launched in 2009 with USD 5.33bn of main capital and a mandate to invest in less traditional assets as opposed to the Kingdom’s stance.
In addition, healthcare in the Gulf made notable investor interest in recent months, as organizations look to tap into a sector booming due to growing wealth.
Amid the largest of these is a joined between UAE-based Al-Noor Hospitals and Mediclinic International, with the S. African firm getting Al-Noor with value of USD 2.2bn.
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