Dubai – Mubasher: Dubai Investments has purchased equity ownership of 34.30% in Global Fertility Partners (GFP), a key network of fertility and reproductive genetics centers across the Middle East.
GFP secured around $60 million in equity financing to expand its network of fertility and women’s health centres across the MENA region, according to a press release.
In line with its strategy to widen its global reach, the company plans to create a leading fertility network in the region and one of the top 10 worldwide.
With a special focus on Saudi Arabia, the network will offer a range of benefits for patients including the introduction of new technologies faster and on a larger scale.
The funding will also enable GFP to build several fertility and women’s health centres as well as a network of satellite clinics across Saudi Arabia and the UAE. Meanwhile, the construction process is expected to begin in the coming months.
The Vice Chairman and CEO of Dubai Investments, Khalid bin Kalban, said: “Investment in Global Fertility Partners marks Dubai Investments' fourth strategic investment in the healthcare sector, a pivotal move in the group’s ongoing diversification strategy.”
“Through this strategic investment, Dubai Investments will support GFP's ambitious growth plans by leveraging synergies and solidifying the Group’s dedication to shaping the future of healthcare investments,” Bin Kalban added.
Majd Abu Zant, the Founder and CEO GFP, commented: “We are setting a new standard in fertility and women’s health by focusing on research and innovation, investing in people and technologies, and putting patients first.”
He underlined: “This funding will allow us to move quickly and build a strong foundation for perpetual growth.”
Earlier in January, Dubai Investments announced its first flagship mixed-use development the Dubai Investments Park (DIP) Angola, which marked the company’s entry into the African market.
On the financial level, the DFM-listed firm recorded lower net profits attributable to the owners at AED 817.01 million in the first nine months (9M) of 2023, compared to AED 1.48 billion a year earlier.
