Dubai based investment group Amanat Holdings has announced that it has purchased a 13.18% stake in Saudi Arabia’s International Medical Company Hospital.
The investment is believed to have cost Amanat over SR360m (around £80m) for the stake in the 300 bed JCI accredited facility, which is located around 30 miles north of the centre of Jeddah in the Al Hamra’a area.
Despite its location in the often secretive and mysterious Kingdom of Saudi Arabia, IMC employs over 150 Western trained physicians in more than 30 specialties - notably cardiology, orthopedics and paediatrics. This has made the hospital one of the country’s most highly thought of and prestigious facilities.
Speaking at the announcement of the deal Khaldoun Haj Hasan CEO of Amanat explained their reasons for investing in Saudi Arabia: “Amanat believes that Saudi Arabia’s socio-demographic outlook, as well as regulatory changes expected to expand the role of private hospitals, will continue to create opportunities for market-leading providers like IMC.
Over the last decade the shareholders and management of IMC have built a world-class hospital in Jeddah that sets the benchmark for quality. We view this investment as the first phase of a long-term strategic partnership, and we look forward to assisting IMC with both expertise and capital as it expands from a single hospital operator to a multi-facility, multi-geographical healthcare group.”
Despite being perceived by many outsiders as an unattractive location to move to, Saudi Arabia has plenty to offer expat medics looking at taking their careers overseas. The Kingdom has some of the world’s best medical facilities, and with further investment akin to Amanat’s throughout the country it only looks as if it will improve further in the near future.
As well as this tax free salaries, lower working hours and a more family orientated lifestyle can make it the perfect location for anyone looking to get the most out of their life abroad.
If life in the well funded and increasingly prestigious healthcare sector of Saudi Arabia is something which would appeal to you, start your journey today by simply registering on our website - a dream move could be much closer than you might think.