Skip to content Skip to Search
Skip navigation

Dubai Investments buys stake in fertility company

By Pramod Kumar
Global Fertility Partners will use the Dubai Investments funding to expand its network of fertility and women’s health centres Unsplash/Luma Pimental
Global Fertility Partners will use the Dubai Investments funding to expand its network of fertility and women’s health centres

Dubai Investments has acquired an equity stake of 34.3 percent in Global Fertility Partners, a network of fertility and reproductive genetics centres in the Middle East.

GFP will get $60 million in equity financing to expand its network of fertility and women’s health centres across the Middle East and North Africa.

Investors and family offices from Saudi Arabia and the UAE participated with equity financing alongside Dubai Investments.

“Investment in GFP marks our fourth strategic investment in the healthcare sector,” Dubai Investments’ vice chairman and CEO, Khalid bin Kalban, said in a press statement.

With the funding, GFP plans to build several fertility and women’s health centres and a network of satellite clinics across Saudi Arabia and the UAE, with construction starting in the coming months.

GFP’s flagship facility in Riyadh is under construction and will commence operations later this year.

It says the purpose-built facility will raise fertility care and reproductive genetics standards, setting a new regional benchmark.

Latest articles

STC wants to consolidate the mobile tower market

STC approves PIF purchase of telecom company

Shareholders of Saudi telecom giant STC have approved plans to create a new telecommunications infrastructure company in which the Public Investment Fund will have a 51 percent stake valued at SAR8.7 billion ($2.3 billion).  Under the deal, the STC-owned Telecommunication Towers Co. Limited (Tawal) will become a PIF subsidiary through a merger with Golden Lattice […]

Flavio Cattaneo of Enel, of which Endesa is a subsidiary, and Mohamed Jameel Al Ramahi at the signing of the deal

Masdar buys stake in Spanish utilities company Endesa

The UAE’s state-owned clean energy company Masdar has agreed to acquire a minority stake in Spanish electric utility business Endesa to partner for 2.5 gigawatts (GW) of renewable energy assets in Spain. Under the agreement, subject to regulatory approval, Masdar will invest nearly $890 million to acquire a 49.99 percent stake in Endesa, with an […]

UAE markets Hong Kong

UAE capital markets partner with Hong Kong exchange

The Hong Kong Stock Exchange (HKSE) has added the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) to its roster of recognised marketplaces. The move opens the door for UAE-based companies to pursue secondary listings on one of Asia’s premier financial markets. It also follows the inclusion of the Saudi Exchange (Tadawul) […]

Person, Worker, Adult

Aramco and PIF invest in Saudi-Chinese steel venture

Saudi Aramco and the Public Investment Fund have doubled their investment in a steel plate joint venture with a Chinese company to $500 million. The two Saudi companies each own 25 percent shares in the new venture in Ras Al Khair industrial city, Bloomberg reported, quoting a statement published on the Chinese stock exchange. Chinese […]