NMC eyes acquisitions in KSA, Qatar

The company secured an $825 million loan from banks in February to pay debt and fund acquisitions.

By Agencies/Staff Report

Published: Wed 22 Jul 2015, 3:54 PM

Last updated: Sun 9 Aug 2015, 12:55 PM

NMC Health, the London-listed and UAE-based healthcare provider, plans to invest in Saudi Arabia and Qatar part of the $325 million which it has available for acquisitions, a senior company official said on Tuesday.
The company secured an $825 million loan from banks in February to pay debt and fund acquisitions; so far, $350 million has been used to refinance debt and $150 million for acquisitions.
While it is looking at acquisition targets in the UAE and the developed world, its first cross-border expansions in the Gulf will be in Saudi Arabia and Qatar.

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