SAUDI ARABIA – Private equity firm Malaz Capital has acquired a stake in Ram Medical Clinics Company, a healthcare provider in Saudi Arabia. 

 The investment, made through Malaz’s healthcare opportunities fund, comes ahead of Ram Medical’s planned IPO on the Saudi Stock Exchange (Tadawul). 

Ram Medical, which specializes in dentistry and dermatology, will use the investment to expand its business operations. 

 Established in 2009, the hospital has 28 branches across the Kingdom that reportedly employ some 500 doctors and serve over 1.5 million patients annually. 

In a statement, Hassan Al-Jeshi, CEO of Malaz Capital, emphasized the significance of the investment in bolstering Ram Clinics’ market presence.  

He noted its pivotal role in the company’s strategic realignment efforts, as it aims to position itself as a global player in the healthcare sector. 

On the other end, Dr. Mazen Al-Masri, CEO of Ram Medical Clinics, conveyed optimism regarding the partnership, highlighting its potential to generate additional job opportunities and facilitate the integration of advanced technologies into healthcare services. 

Malaz Capital’s investment aligns with Saudi Arabia’s Vision 2030 goals of promoting private sector growth and leveraging technology in healthcare.  

Mohamed Wahby, Managing Director of Private Equity at Malaz Capital, emphasized the investment’s focus on supporting Ram Clinics’ expansion strategy and enhancing healthcare service quality. 

Saudi Arabia’s healthcare sector accounts for 60 percent of the Gulf Cooperation Council (GCC) countries’ healthcare expenditure, and the sector remains a top priority for the Saudi Arabian Government.  

Malaz Capital’s investment comes at a time when the country’s hospitals market is anticipated to witness a significant increase in revenue, with projections indicating that it will reach US$21.38bn by 2024, according to Statista. 

According to market research firm, The Saudi Arabian hospitals market is experiencing a surge in demand for advanced medical technologies and specialized healthcare services such as the one offered by Ram. 

 Malaz Capital’s investment in Ram Clinics reflects its commitment to enhancing local content and competitiveness in Saudi Arabia’s private sector. 

The completion of the investment transaction followed regulatory approvals, showcasing Malaz Capital’s expertise in managing private equity and real estate investment funds. 

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