Saudi-based fund manager, Jadwa Investments, is reportedly looking to exit its investment in United Eastern Medical Services (UEMedical), an Abu Dhabi-based healthcare provider.
Jadwa is considering either a direct sale of its stake or an initial public offering and has hired HSBC as an advisor, according to Reuters.
Jadwa acquired its 42% stake in UEMedical in 2016 through its Healthcare Opportunities Fund 2.
Mena’s healthcare sector has endured a volatile year which started with the collapse of UAE-based NMC Health at the beginning of the year.
Despite this setback, activity has since picked up, typified by the IPO of Saudi Arabia’s largest private medical services group, Al-Habib Medical Services Group.
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