Gulf Capital has announced that it is investing in Amana Healthcare in order to increase its investments in the healthcare sector in the Gulf region.

Karim El Solh, Gulf Capital co-founder and CEO, commented that this new investment by Gulf Capital will benefit from Amana’s growth capabilities in this important sector in terms of specialised healthcare.

Healthcare spending in Abu Dhabi alone has surged by 25% per annum since 2010, El Solh said, noting that he expects the sector to see an annual growth rate of 11% by 2020.

Meanwhile, Amana Healthcare CEO Ali Al Hashemi stated that this investment by Gulf Capital will accelerate the implementation of Amana’s plans to provide better services in long-term medical healthcare added to rehabilitation services for UAE residents.

Worth noting, sources had previously told Mubasher that Gulf Capital seeks to launch an initial public offer (IPO) to receive funding for its investments. The Company is planning to offer 55% of its stocks for public subscription to raise AED 1.1 billion, the sources who spoke on condition of anonymity said.

Based in Abu Dhabi and established in 2006, Gulf Capital operates in risk and asset management with shareholders’ equity exceeding $3 billion.


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