DUBAI, UAE: Dubai Investments, the leading investment company listed on the Dubai Financial Market (DFM), has announced its acquisition of a 34.3% equity stake in Global Fertility Partners (GFP), a leading network of fertility and reproductive genetics centers across the Middle East.
GFP has secured approximately $60 million in equity financing from prominent institutional investors and family offices from the Kingdom of Saudi Arabia and the UAE, including Dubai Investments. The funding will enable GFP to expand its network of fertility and women’s health centers across the MENA region, with an aim to become one of the top 10 fertility networks globally.
GFP’s flagship facility in Riyadh is currently under construction and is expected to commence operations later this year. The facility will set a new benchmark for the region in terms of fertility care and reproductive genetics, offering patients access to new technologies, exceptional clinical outcomes, and lower treatment costs. Global Fertility Partners (GFP) will also build a number of centers and satellite clinics across the Kingdom of Saudi Arabia and the UAE, and pursue potential acquisitions to accelerate its growth.
Khalid Bin Kalban, Vice Chairman and CEO of Dubai Investments, said that the investment in GFP marks the company’s fourth strategic investment in the healthcare sector, as part of its ongoing diversification strategy. He added that Dubai Investments is excited to partner with a committed team of seasoned experts in the field of fertility, and that the company believes in the potential of this sector as a promising and lucrative segment for investments. He also said that Dubai Investments will support GFP’s ambitious growth plans by leveraging synergies and solidifying the company’s dedication to shaping the future of healthcare investments.
Majd Abu Zant, Founder and CEO of GFP, expressed his gratitude for the generous support from the investment partners and their shared commitment to creating a pioneering network that will deliver world-class fertility care across the region. He said that GFP is setting a new standard in fertility and women’s health by focusing on research and innovation, investing in people and technologies, and putting patients first. He also said that the funding will allow GFP to move quickly and build a strong foundation for perpetual growth.
CH Stirling acted as agents to Global Fertility Partners (GFP) in securing the equity funding, in addition to King & Spalding who acted as advisors to GFP.
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