Jadwa sells majority stake in Saudi dental clinic chain

HealthcareSaudi-based fund manager Jadwa Investment has sold its stake in a chain of local dental clinics to a new fund which it will run alongside fellow Saudi firm Gulf Islamic Investments (GII). The business, Al Meswak, is the largest dental and dermatology care provider in the kingdom and is valued at more than US$530 million. The majority stake was originally owned by the Jadwa Healthcare Opportunities Fund 3 but will now be owned by both GII and the newly launched Jadwa Healthcare Opportunities Fund 5. Jadwa made its initial investment back in 2017. Since then it has seen it has more than doubled the number of clinics it operates, from 30 to 80, while the number of cities in which it operates has gone from five to 20. Mohammed Al Hassan, co-CEO and co-founder of GII, said: “This is a landmark transaction that reflects our capability and reach in the healthcare sector and the Saudi market. We look forward to building a long-term partnership with Jadwa Investment, and to work together towards listing Al Meswak on Tadawul within the next two to three years.” ©2022 funds global mena

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

INTERVIEW: Totally mega

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

INTERVIEW: Protecting the investment

Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.

EXECUTIVE INTERVIEW: A natural interest in the topic

Since 2016, Guillermo Ortiz has been a chairman of Latin America’s BTG Pactual. The former central banker of Mexico talks to Nick Fitzpatrick.


Middle East Investor Roundtable 2020: Dimensions of diversification

Investors in the Middle East consider the tools that will be needed to navigate the Covid-19 crisis, the continued appetite for dividend and why it’s all about tech. Chaired by Romil Patel.

South Africa asset management roundtable: Global rebound on ice

Experts discuss the investment implications of the coronavirus pandemic, a delayed rebound in global growth and dealing with South Africa’s energy issues head on. Chaired by Romil Patel in Cape Town.

South African roundtable: Taking the bull by the horns

Our panel discusses Chinese investment in Africa, financial institutions’ contribution to economic sustainability and regulatory concerns. Chaired by Romil Patel in Cape Town.

ROUNDTABLE: Hooked to the global caravan

With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.