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Akdital Boosts Saudi Expansion with Arab Investment Company Stake
๐Ÿ‡ฒ๐Ÿ‡ฆ Morocco /Economy & Trade

Akdital Boosts Saudi Expansion with Arab Investment Company Stake

From Hespress · () Arabic

Translated from Arabic, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • Akdital Group announced that the Arab Investment Company (AIC) acquired a 15% stake in its international holding company, based in Riyadh, Saudi Arabia.
  • This partnership aims to accelerate Akdital's regional expansion and strengthen its presence in international markets, particularly Saudi Arabia, where it already manages four hospitals.
  • The collaboration combines Akdital's healthcare development and management expertise with AIC's investment capabilities and regional network, supporting Akdital's goal of operating over 2,000 hospital beds outside Morocco by 2030.

Moroccan healthcare group Akdital is expanding its regional footprint with a significant investment from the Arab Investment Company (AIC). AIC has acquired a 15% stake in Akdital's international holding company, headquartered in Riyadh, Saudi Arabia. This move is a key step in Akdital's strategy to accelerate its regional growth and bolster its presence in international markets, with a specific focus on Saudi Arabia.

The Saudi market is a cornerstone of Akdital's ambitions beyond Morocco. The entry of AIC into the holding company's capital is expected to provide additional support for Akdital's projects and enhance its regional presence. The alliance leverages complementary strengths: Akdital brings its recognized expertise in developing, managing, and operating healthcare facilities, while AIC, a leading Arab financial institution based in Saudi Arabia, contributes its investment capabilities, regional reach, and strategic network.

This investment represents an important milestone in the journey of the Arab Investment Company, and reflects the institution's commitment to directing capital towards qualitative investment opportunities in sectors with sustainable economic and social impact.

โ€” Abdullah bin Saleh Bakhreba, CEO of the Arab Investment CompanyCommenting on the significance of the partnership and its alignment with AIC's investment strategy.

AIC's presence in 16 Arab countries offers a broad regional extension and a network that can support Akdital's expansion. This investment underscores confidence in Akdital's business model and its aspiration to become a leading regional player in private healthcare. The group currently manages four hospitals in Saudi Arabia, two in Riyadh, one in Mecca, and one in Jeddah.

Through this partnership, Akdital reaffirms its ambition to build a healthcare network with over 2,000 beds outside Morocco by 2030. The group is also exploring expansion opportunities in other strategic regional markets. This initiative aims to transfer Akdital's operational expertise and healthcare development model to new regional markets, maintaining a focus on service quality and medical care. The investment platform will drive regional expansion in healthcare by investing in high-quality facilities, improving access to medical services, and developing healthcare infrastructure in target markets, creating long-term value for investors and communities.

The partnership with Akdital opens the door to building a leading regional investment platform that contributes to the development of the healthcare sector, and creates sustainable value for investors and communities in the Arab region.

โ€” Abdullah bin Saleh Bakhreba, CEO of the Arab Investment CompanyHighlighting the strategic goals and expected outcomes of the collaboration.
DistantNews Editorial

Originally published by Hespress in Arabic. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.