Saudi Arabia-based Al Meswak Dental Clinics Company (Al Meswak) has acquired two dental centers in Abu Dhabi, as part of its growth strategy to expand its presence across the GCC region.
Al Meswak, owned by UAE-based Gulf Islamic Investments (GII) and Saudi Arabia’s Jadwa Investments Company (Jadwa), is the largest chain of dental and dermatology clinics in the Kingdom, with more than 90 facilities spread across more than 37 Saudi cities.
According to the statement, Al Meswak acquired the Al-Anees and Al-Barazi dental centers, which are the most prominent dental service providers in the Al-Ain region of Abu Dhabi.
GII, a leading Shari’ah-compliant global alternative investment company with over $3 billion of assets under management, has supported Al Meswak’s expansion into the UAE. GII acquired a majority share in the Al Meswak Medical Group in May 2022 to co-partner the Saudi Jadwa Investment management and advisory firm.
Mr. Abdullah Al Keraidis, CEO of Al Meswak, said that “this expansion makes good business sense for our patients and operating model. Our network extends across all major Saudi Arabian cities, and as inter-GCC travel and trade expands significantly, our patients know that they will receive first-class dental care wherever they travel in the Kingdom and Abu Dhabi emirate. We are also grateful to GII and Jadwa, who were quick to understand Al Meswak’s regional operating potential.”
“This investment extends Al Meswak’s best in class services and expertise across GCC borders from the Kingdom into Abu Dhabi emirate. GII is proud to be the catalyst and active participant for this cooperative venture with Al Meswak,” commented Mr. Mohammed Al Hassan, Chairman of the Al Meswak Board of Directors, Co-Founder and Co-CEO of GII.
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