Abdulla Fouad Group and its partner Dividend Gate Capital acquire a majority stake of Al Hokama Eye Specialist Center in KSA

Abdulla Fouad Group and its partner Dividend Gate Capital acquire a majority stake of Al Hokama Eye Specialist Center in KSA

Manama: Abdulla Fouad Group and its partner Dividend Gate Capital Group (“DGC”) announced the acquisition of a majority stake of Al-Hokama Eye Specialist Center, a unique center in the Kingdom of Saudi Arabia due to its breadth of expertise in delicate eye specialties.

Al-Hokama Eye Specialist Center was established in 2009 and is accredited by the Joint Commission International ("JCI") for the Quality of Health Services, which is the largest accreditation body for health care institutions in the USA. The Kingdom of Saudi Arabia has recognized the significance of this sector. The health sector ranks second in the Kingdom after the educational sector in terms of the volume of expenditures in the general budget. This is especially considering this sector among the Kingdom's interests in achieving Vision 2030.

Mr. Faisal Bin Abdulla Fouad Bubshait, Chairman of the Board of Directors of Abdulla Fouad Group, said: "The acquisition is in line with our vision and strategy to expand and diversify the group’s activities and investment portfolio, thereby focusing on strengthening its position as a strong economic pillar serving the national economy and effectively contributing to achieving Saudi Vision 2030."

Commenting, Mr. Khaled Al Hammadi, CEO of Dividend Gate Capital Group said, “We are pleased