Dhaman CEO: Public-private health partnership integral to Kuwait Vision

Dhaman CEO: Public-private health partnership integral to Kuwait Vision

KUWAIT: The beginning of operations at the Health Assurance Hospitals Company (DHAMAN) before the end of this year reflects the integrality of the partnership between the public and private sectors to the Kuwait Vision 2035 (New Kuwait), said an official yesterday. Dhaman Hospitals Company CEO Thamer Arab revealed in an interview that the Ministry of Health had pushed for the establishment of the company, which was viewed as part of the development of an integrated and high-quality health service in Kuwait.

He went on to say that Dhaman hospitals reflected a comprehensive partnership between the public and private sectors with the Kuwaiti government owning around 24 percent of the shares, while the private sector — through strategic investors — own 26 percent. The rest of the shares, at 50 percent, will be offered through an Initial Public Offering (IPO) — already paid for by the Kuwait Investment Authority (KIA) on behalf of the citizens — until the offering occurs, revealed Arab, indicating that the capital of the company stood at KD 230 million (approximately $759 million).

Regarding the inclusion of the private sector in Kuwait’s development plans, Arab stressed that it was of paramount importance to apply the best of international standards