(MENAFN) Investment in Saudi Arabia's healthcare sector is expected to grow in the coming few years to eliminate a big shortfall in hospital beds, according to Arabian Business.
Jadwa Investment said that growth in the sector will result from a rapidly increasing population against beds capacity of only 21 per 10,000 people in the kingdom.
Saad Al-Saif, head of Private Equity and Investment Banking at Jadwa, said that there were strong signs of investor confidence in the growth potential of the Saudi healthcare sector.
Al-Saif added: "The oversubscription of 12x for the IPO of Al Hammadi Company for Development and Investment, which owns and operates Al Hammadi Hospital in Riyadh, is evidence of investors' healthy appetite for well-positioned businesses."
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