Abdulla Fouad Group and its partner Dividend Gate Capital Group (DGC) have acquired a majority stake in Al-Hokama Eye Specialist Center in Saudi Arabia.

 

Al-Hokama Eye Specialist Center was established in 2009 and is accredited by the Joint Commission International (JCI) for the Quality of Health Services, which is the largest accreditation body for health care institutions in the US.

 

Faisal Bin Abdulla Fouad Bubshait, Chairman of Abdulla Fouad Group, said: "The acquisition is in line with our vision and strategy to expand and diversify the group’s activities and investment portfolio, thereby focusing on strengthening its position as a strong economic pillar serving the national economy and effectively contributing to achieving Saudi Vision 2030."

 

Khaled Al Hammadi, CEO of Dividend Gate Capital Group, said: “We are pleased to announce the acquisition of this prime eye specialist center as a part of DGC’s ongoing expansion in Saudi Arabia, providing us with direct access to the health sector and the local market in the Kingdom.”

 

He added: "This investment is a part of a strategic vision and plan of diversifying our portfolio and expanding our regional presence by partnering and acquiring leading and reputable companies in the Saudi market. It will also add significance to the group’s portfolio and operational experience in the health sector of the kingdom."  

 

Dr Ahmed bin Abdul Razzaq Al Saleh, Managing Director and General Manager of Al-Hokama Eye Center, said: “With the support of Abdulla Fouad Group and Dividend Gate Capital Group, we believe in the strength of our ability to achieve further growth and expansion in Al-Hokama Eye Center and implement our clear joint expansion plan in KSA. Over the past 13 years, we have successfully expanded the center and the base of the medical staff, and we are confident that we will continue to provide the highest quality services in the center.”  - TradeArabia News Service