Jadwa Investment Sells its majority stake in Al Meswak Dental Clinics to Gulf Islamic Investments

Jadwa Investment Sells its majority stake in Al Meswak Dental Clinics to Gulf Islamic Investments

Commenting on the acquisition, Mohammed Al Hassan, Co-CEO and Co-Founder of GII, said: “This is a landmark transaction that reflects our capability and reach in the healthcare sector and the Saudi market. We look forward to building a long-term partnership with Jadwa Investment, and to work together towards listing Al Meswak on Tadawul within the next two to three years. This reflects our growing commitment to this market, where we are currently evaluating several other opportunities.”

Pankaj Gupta, Co-CEO and Co-Founder of GII, added: “The healthcare market in the Kingdom is the largest in the Gulf region and offers attractive investment opportunities for us to expand our asset portfolio. We also see significant potential in the fast-growing Saudi logistics and financial services sectors.”

Tariq Al-Sudairy, Managing Director and CEO of Jadwa Investment, said: “Our success with Al Meswak demonstrates the strong fundamentals of the Saudi healthcare sector and our ability to create real value for our clients. We are pleased to partner with GII in Al Meswak’s next stage of growth, and to invest jointly in the continued development of the dental and dermatology space in Saudi Arabia.”

Saad Al-Saif, Head of Private Equity at Jadwa Investment, added, “This landmark transaction is a