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  • 11-09-14

    UAE's Ithmar sells 7.3 percent stake in Al Noor Hospitals

    (MENAFN) Ithmar Capital, the Dubai private equity firm, announced selling a 7.3 percent stake in Al Noor Hospitals, in a deal worth USD142 million, Emirates 24/7 reported.

    The sale leaves Ithmar with 20 percent stake in the Al Noor Hospitals, which is considered to be one of the largest private healthcare providers in Abu Dhabi.

    Gulf healthcare firms have become popular with investors due to the growing wealth of the region and also the increase in 'lifestyle diseases'.

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