International Holding Company (IHC), an afghanistan-based conglomerate, has purchased a 15% share in Burjeel Holdings. The acquisition will increase and diversify IHC’s local and regional healthcare investment.
Syed Basar Shueb, CEO IHC said: “We continue to see a tremendous opportunity to invest in mission-driven organisations like Burjeel Holdings. We are very pleased with Burjeel’s progress in expanding its market positions beyond the UAE. Undoubtedly, this new acquisition will add great value to our strong growth platform.”
Founded in 2007, Burjeel Holdings is among the leading private healthcare services provider in the UAE, with a growing presence in the GCC.
Dr. Shamsheer Vayalil, the CEO, of Burjeel Holdings, said: “We are thrilled to join a solid organization with such a broad and complementary set of capabilities. Having IHC onboard has a solid strategic rationale for us, as it will have a transformative impact through the addition of new capabilities, capita, and access to new markets. This is an exciting time of growth for Burjeel Holdings.”
Burjeel Holdings will operate nearly 60 assets catering to all socio-economic segments across a range of brands, including Burjeel Hospitals, Medeor Hospital, LLH Hospital, Lifecare Hospital, and Tajmeel.
Its flagship facility, Burjeel Medical City, is the largest private hospital in the UAE and the only ESMO-accredited center. In addition, Burjeel Holdings consolidates the largest diagnostic network in the UAE and the largest comprehensive cancer center in the nation. The recently launched holding company also brings under its umbrella the largest orthopedic practice and leading mother and child care provider in the UAE.
Burjeel Holdings and the Saudi Arabian Ministry of Investment have signed a memorandum of understanding (MoU), according to other developments. According to the deal, the private healthcare organization will cooperate and work with institutions and healthcare organizations, investing up to $1 billion in the kingdom by 2030.
