Qatar First Investment Bank and Ithmar Capital, a regional private equity firm, announced today the launch of a new healthcare platform which will seek to capitalize on the extensive growth opportunities in the healthcare service and pharmaceutical/life science sectors in the GCC. This healthcare platform represents the first collaboration between QFIB and Ithmar Capital combining their region-wide resources and expertise. This partnership is QFIB’s first venture in the health care sector, and demonstrates the Bank’s cross-sector expertise.
QFIB and Ithmar Capital jointly announced the completion of their first healthcare initiative - a strategic equity partnership with Al Noor Medical Company. Al Noor Medical Company, based in the UAE, is a state of the art institution offering a full array of healthcare services. Established in 1985 as a polyclinic, Al Noor has developed into the leading private provider of integrated healthcare services in Abu Dhabi with three hundred beds in three secondary care hospitals, three primary care clinics and ten pharmacies.
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