Al Masah Capital Limited announces plans to invest Dh1.1b for new acquisitions and expansion plans in the GCC.
Dubai: Al Masah Capital Limited, an alternative investment and asset management firm, has announced the rebranding of its health care private equity initiative, Healthcare Mena Limited (HML), to AVIVO GROUP.
During a press conference held at The Address hotel -- Dubai Mall, Al Masah Capital Limited revealed its plans to invest around Dh1.1 billion to support the growth and regional expansion of AVIVO GROUP within the next two years. This investment will increase the number of health care facilities operating under the AVIVO GROUP brand from 32 to 50 in the next two years. This expansion is set to create more than 1,000 new job opportunities for GCC residents, and at the same time increase the annual reach of the group's medical services to almost 2 million patients all over the GCC region.
In the past few years, AVIVO GROUP has successfully expanded its presence in Abu Dhabi, Dubai, and Sharjah as well as in Kuwait. The group has plans to strengthen its presence in those cities and expand its network into new markets, such as Oman, Qatar Saudi Arabia and South East Asia.
The rebranding comes as part of an overall strategy to position AVIVO GROUP as one of the largest integrated health care service providers in the UAE and the region.
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