Riyadh – Mubasher: MEFIC Capital, in its capacity as fund manager of MEFIC Private Equity Opportunities Fund 3, has successfully acquired 44% stake in Meras Arabia Medical Holding Company (Meras), a leading chain of cosmetic dermatology and dental clinics in Riyadh.
The transaction was conducted through capital injection, with the founders retaining control and management of the business, according to MEFIC’s statement on Wednesday.
“Our partnership with MEFIC Capital marks a key milestone in the success story of MERAS. We are confident that with the support of MEFIC Capital, along with the prominent Healthcare players who have invested in the Fund, we are well-positioned to take the Company through its next stage of development and accelerate its expansion in the cosmetic dermatology sector,” Abdulaziz Al Bakr, founder of MERAS, commented.
MEFIC Capital did not disclose further details regarding the transaction's total cost.
It is worth noting that MERAS operates eight centres in Riyadh.
