ABU DHABI: Burjeel Holdings PLC, listed on the Abu Dhabi Stock Exchange, has fully acquired IziSpecialist, a healthcare facility in Makkah. The acquisition was completed through its subsidiary, Burjeel Saudi Arabia, for a total investment of SAR 6.5 million (AED 6.36 million).
The company announced the acquisition in a press release, emphasizing its commitment to expanding its footprint in Saudi Arabia. The move aligns with Burjeel Holdings’ strategy to enhance its offerings in physical therapy and rehabilitation services.
Expansion in Saudi Arabia
Burjeel Holdings said this acquisition marks a significant step in its plans for growth in the Kingdom. The company aims to provide world-class healthcare services in line with Saudi Arabia’s Vision 2030.
IziSpecialist, located in the holy city of Makkah, specializes in physical therapy and rehabilitation. Burjeel Holdings plans to leverage the facility’s expertise to strengthen its healthcare network in the region.
“This acquisition supports our mission to deliver advanced medical care to the people of Saudi Arabia,” the company stated.
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Investment Details
The investment is valued at SAR 6.5 million (equivalent to AED 6.36 million). The acquisition reflects Burjeel Holdings’ confidence in the Kingdom’s healthcare market.
The company noted that Saudi Arabia presents significant growth opportunities in the healthcare sector. It plans to invest further in expanding its services and infrastructure across the Kingdom.
Focus on Rehabilitation Services
Burjeel Holdings aims to enhance its capabilities in providing specialized rehabilitation services. By acquiring IziSpecialist, the company seeks to address the growing demand for quality physical therapy in Saudi Arabia.
The facility in Makkah will now operate under Burjeel Saudi Arabia. The group plans to integrate its advanced technologies and medical expertise to upgrade the facility’s offerings.
Commitment to Vision 2030
Burjeel Holdings said the acquisition aligns with Saudi Arabia’s Vision 2030, which prioritizes healthcare development and accessibility. The company aims to contribute to the Kingdom’s healthcare goals through strategic investments and expansions.
The acquisition is part of Burjeel Holdings’ broader strategy to expand its operations across the Gulf region. The company has outlined plans to invest in state-of-the-art healthcare facilities in key Saudi cities.
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