Riyadh – Mubasher: Riyadh-based Derayah Financial Corporation on Monday announced that it took over a major stake in Czech Rehabilitation Center (CRC) through its Healthcare Fund, which is a Sharia-compliant profitable fund investing in the healthcare sector.

The company gave no further details about the value of the deal. 

The Saudi healthcare infrastructure requires huge investments to increase the number of doctors and hospital beds per-capita, said Muhammad Al-Shammasi, chairman of Derayah Financial.

The rehabilitation sector is still underdeveloped, despite the existence of 147 rehabilitation centers in Saudi Arabia, as it does not fill the supply-demand gap, CRC chairman Salman Daajani said.

The patients with chronic injuries from traffic accidents occupy 20% of the general hospital’s beds in the kingdom, which is ranked first in terms of car accidents among high-income countries, Daajani added.