Deals
Dubai Investor Close to $600 Million Saudi Dental Clinics Deal
The Almeswak website.
Source: Almeswak
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A Dubai-based investment company is nearing a $600 million deal to buy a majority stake in Saudi Arabia’s largest provider of dental and dermatology care, according to people familiar with the matter.
Gulf Islamic Investments LLC., also known as GII, is set to buy the 70% stake owned by private equity firm Jadwa Investment Co. in Almeswak Dental Clinics, said the people, who asked not to be identified because the information is private. Emirati health-care company United Eastern Medical Services owns the rest of the shares. Jadwa acquired the stake in Almeswak in 2017, according to information on its website.