Ithmar Capital, a leading private equity firm in the GCC region with over Dh2.4 billion of assets under management, has committed Dh1 billion ($272 million) to the healthcare sector in the region.

This investment positions Ithmar as one of the leading investors in the development of regional healthcare services.

Ithmar has also announced a strategic equity partnership with Al Noor Medical Company, the leading private integrated healthcare operator in Abu Dhabi.

With more than 25 years experience in the field of healthcare provision, Al Noor operates three hospitals, three clinics and ten pharmacies in Abu Dhabi and receives over 1.2 million patient visits annually.

The Ithmar-Al Noor partnership will be a springboard for Al Noor’s future expansion via acquisitions, green-field development, public private partnerships and strategic equity investments.

“This partnership supports us in fulfilling our mission to provide world class healthcare services in the region,” stated Dr Kassem Aloam, managing director and founding shareholder of Al Noor Faisal Bin Juma Belhoul, founder and managing partner of Ithmar Capital.

“Our goal is to facilitate the long-term expansion of Al Noor’s healthcare services in geographies where the existing supply of high-quality medical services is insufficient.”-TradeArabia News Service