Group increases stake from 20% to 100% as it strengthens healthcare sector portfolio
Dubai: Dubai Investments has completed the acquisition of an additional 80% stake in Clemenceau Medical Centre Dubai (CMC Dubai), increasing its ownership from 20% to 100%.
The transaction was executed through Dubai Investments Industries, a wholly owned subsidiary of Dubai Investments. Following the acquisition, CMC Dubai has become a wholly owned subsidiary of the group.
Located in Dubai Healthcare City, CMC Dubai has established itself as a provider of specialised healthcare services and complex medical procedures since opening in 2020. The hospital currently operates more than 100 inpatient beds.
Khalid bin Kalban, Vice Chairman and CEO of Dubai Investments, said the acquisition reflects the group’s confidence in the healthcare sector’s long-term growth prospects.
“The 100% ownership of Clemenceau Medical Centre Dubai reflects the group’s conviction in the long-term growth potential of the healthcare sector and the strategy of increasing ownership in high-quality businesses where the group can create greater value through active stewardship and long-term investment,” he said.
Bin Kalban added that full ownership would provide greater strategic and operational flexibility, enabling Dubai Investments to support the hospital’s future expansion plans and enhance its specialised healthcare offerings.
“Full ownership provides Dubai Investments with enhanced strategic and operational flexibility, enabling the group to support CMC Dubai’s expansion, strengthen its specialised healthcare offering and fully benefit from its future growth,” he said.
The acquisition marks a further expansion of Dubai Investments’ presence in the healthcare sector as it seeks to strengthen its portfolio of long-term growth assets.
