Abu Dhabi Wealth Fund ADQ to Form UAE’s Largest Health-Care Firm

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Abu Dhabi is planning to create the largest health-care provider in the United Arab Emirates as demand for medical services rise.

ADQ, one of Abu Dhabi’s sovereign wealth funds, entered an agreementBloomberg Terminal to consolidate several companies. Abu Dhabi Health Services Co., known as SEHA, and National Health Insurance Co., known as Daman, will merge into Pure Health. Tamouh Healthcare, Yas Clinic Group and Abu Dhabi Stem Cell Center will also become a part of the entity.