Al Hammadi Company

Al Hammadi

Acquisition Year: 2012

Acquisition Stake: 30 percent

Sector: Healthcare

Fund: Jadwa Healthcare Opportunities Fund

Website: www.alhammadi.com  

 

About Al Hammadi Company for Development and Investment

Al Hammadi Company for Development and Investment is one of the pioneers in the Saudi private healthcare sector with a history that dates back thirty years. Al Hammadi established its first hospital in the Olaya district of Riyadh in 1985 with a capacity of 50 beds and 12 outpatient clinics. The Company has now evolved into a leading private healthcare services provider in Riyadh with 300 beds and 74 outpatient clinics. The Company is currently working on an exciting expansion plan, which includes opening two new hospitals over the next two years, which will more than triple its capacity.

Jadwa Healthcare Opportunities Fund diluted its stake in Al Hammadi by 30 percent following a primary IPO of the company on the Saudi Stock Exchange (Tadawul) in July 2014.