{"id":24321,"date":"2024-01-15T10:26:00","date_gmt":"2024-01-15T07:26:00","guid":{"rendered":"https:\/\/kw.jummasouq.com\/giic-inks-deal-with-abeer-medical-company\/"},"modified":"2024-01-15T10:26:00","modified_gmt":"2024-01-15T07:26:00","slug":"giic-inks-deal-with-abeer-medical-company","status":"publish","type":"post","link":"https:\/\/kw.jummasouq.com\/ar\/giic-inks-deal-with-abeer-medical-company\/","title":{"rendered":"GIIC inks deal with Abeer Medical Company"},"content":{"rendered":"
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The Gulf Islamic Investment Company has inked a deal to acquire a significant ownership stake valued at 600 million Saudi riyals in Abeer Medical Company (Abeer), the largest provider of affordable healthcare services in Saudi Arabia. <\/p>\n

Renowned as a global leader in Islamic Sharia-compliant alternative investments, managing assets totaling $4 billion, the Gulf Islamic Investment Company has chosen Al-Abeer Company as a key partner, reports Al-Anba daily. <\/p>\n

This strategic move aims to expand the healthcare assets of the Gulf Islamic Investment Company in Saudi Arabia, currently estimated at around 1.6 billion Saudi riyals, inclusive of a majority stake in Al-Miswak Clinics Dentistry, the largest network of dental and dermatology clinics in the Kingdom. <\/p>\n

The collaboration with Al-Abeer Company is anticipated to facilitate the growth of hospitals and clinics in Saudi Arabia, introducing new brands to enhance healthcare services for residents and visitors.<\/p>\n

Expressing his initial thoughts on the agreement, Mohammed Al-Hassan, co-founder and CEO of Gulf Islamic Investment (GII), expressed pleasure in augmenting their healthcare services portfolio in the Kingdom. <\/p>\n

Al-Hassan highlighted that the partnership with Al-Abeer Company would enable the latter to reach more cities and sectors, contributing to the broader expansion strategy in Saudi Arabia under the leadership of Al-Abeer\u00e2\u20ac\u2122s founder, Muhammad Alungal, and his dedicated team of 2,000 employees.<\/p>\n

Muhammad Alungal, Chairman of the Board of Directors and CEO of Al-Abeer Company, emphasized that the investment by the Gulf Islamic Investment Company opens up new possibilities for the expansion of Al-Abeer Company\u00e2\u20ac\u2122s medical care network. This includes 14 medical centers, two general hospitals, and various clinics. <\/p>\n

Alungal emphasized that this investment marks a crucial step in solidifying Al-Abeer\u00e2\u20ac\u2122s position as a leading healthcare company in Saudi Arabia, celebrating its 25th anniversary this year.<\/p>\n

Pankaj Gupta, Co-Founder and CEO of Gulf Islamic Investment (GII), highlighted Al Abeer\u00e2\u20ac\u2122s robust growth potential through diverse healthcare channels, making it an attractive investment destination for GII investors. <\/p>\n

The development plans crafted by the Gulf Islamic Investment Company aim to double Al-Abeer Company\u00e2\u20ac\u2122s revenues and profits over the next five years, contributing to the expansion of medical services across Saudi Arabia and providing an attractive return for investors.<\/p>\n

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The Gulf Islamic Investment Company has inked a deal to acquire a significant ownership stake valued at 600 million Saudi riyals in Abeer Medical Company (Abeer), the largest provider of affordable healthcare services in Saudi Arabia. Renowned as a global leader in Islamic Sharia-compliant alternative investments, managing assets totaling $4 billion, the Gulf Islamic Investment<\/p>","protected":false},"author":48,"featured_media":24322,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_rtcl_gb_attr":"","footnotes":""},"categories":[556],"tags":[],"class_list":["post-24321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-times-kuwait"],"yoast_head":"\nGIIC inks deal with Abeer Medical Company - Jumma Souq<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kw.jummasouq.com\/ar\/giic-inks-deal-with-abeer-medical-company\/\" \/>\n<meta name=\"twitter:label1\" content=\"\u0643\u064f\u062a\u0628 \u0628\u0648\u0627\u0633\u0637\u0629\" \/>\n\t<meta name=\"twitter:data1\" content=\"Times kuwait\" \/>\n\t<meta name=\"twitter:label2\" content=\"\u0648\u0642\u062a \u0627\u0644\u0642\u0631\u0627\u0621\u0629 \u0627\u0644\u0645\u064f\u0642\u062f\u0651\u0631\" \/>\n\t<meta name=\"twitter:data2\" content=\"\u062f\u0642\u064a\u0642\u062a\u0627\u0646\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/kw.jummasouq.com\/giic-inks-deal-with-abeer-medical-company\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/kw.jummasouq.com\/giic-inks-deal-with-abeer-medical-company\/\"},\"author\":{\"name\":\"Times kuwait\",\"@id\":\"https:\/\/kw.jummasouq.com\/#\/schema\/person\/965b0b570b7fbd26db93912c6a313f62\"},\"headline\":\"GIIC inks deal with Abeer Medical Company\",\"datePublished\":\"2024-01-15T07:26:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/kw.jummasouq.com\/giic-inks-deal-with-abeer-medical-company\/\"},\"wordCount\":384,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/kw.jummasouq.com\/giic-inks-deal-with-abeer-medical-company\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/kw.jummasouq.com\/wp-content\/uploads\/2026\/01\/1767642179_GIIC-inks-deal-with-Abeer-Medical-Company.jpg\",\"articleSection\":[\"Times kuwait\"],\"inLanguage\":\"ar\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/kw.jummasouq.com\/giic-inks-deal-with-abeer-medical-company\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/kw.jummasouq.com\/giic-inks-deal-with-abeer-medical-company\/\",\"url\":\"https:\/\/kw.jummasouq.com\/giic-inks-deal-with-abeer-medical-company\/\",\"name\":\"GIIC inks deal with Abeer Medical Company - 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