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UAE NMC Health seeks investments in Saudi, Qatar
(MENAFN) NMC Health, the London-listed and UAE-based healthcare company, is looking to invest USD325 million in Saudi and Qatar, Gulf News reported.
The company secured an USD825 million loan from banks in February to back debt and pay for acquisitions; up to now, NMC spent USD500 million on acquisitions and to refinance debt.
The company's first regional spreads will be in Saudi and Qatar. Meanwhile, it will be looking at acquisition targets in UAE and the developed world.
"We are awaiting approvals for investments in the healthcare sectors of Saudi and Qatar that could happen soon," the company's deputy chief executive said.
The company secured an USD825 million loan from banks in February to back debt and pay for acquisitions; up to now, NMC spent USD500 million on acquisitions and to refinance debt.
The company's first regional spreads will be in Saudi and Qatar. Meanwhile, it will be looking at acquisition targets in UAE and the developed world.
"We are awaiting approvals for investments in the healthcare sectors of Saudi and Qatar that could happen soon," the company's deputy chief executive said.
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