Al Ahly Capital Holding buys 94.5% stake in Egyptian leading maternity hospital in Zayed

By Ahmed Ali On Nov 5, 2020

Al Ahly Capital Holding El Nada Zayed — Hisham Okasha, chairman of Al Ahly Capital Holding and Dr. Omar Abd El-Aziz, partner founder and chairman of El Nada Hospital Zayed, with officials in Al Ahly Capital, El Nada Hospital, and National Bank of Egypt (NBE), after signing acquisition deal on Thursday, November 5, 2020 in Cairo.

Al Ahly Capital Holding, the private equity arm of Egypt’s state-owned National Bank of Egypt (NBE) said on Thursday it had bought a 94.5 percent stake in privately-owned El Nada Hospital Zayed.

Opened in 2018, El Nada Hospital Zayed is part of El Nada, the leading maternity hospital specialised in the healthcare of women and children.

The acquisition is part of Al Ahly Capital Holding’s plans to support and develop the healthcare sector in Egypt, said its chairman Hisham Okasha said.

Okasha, who is also chairman of the NBE, added that the acquisition is a prime step towards attracting more foreign investments into Egypt’s health and healthcare sectors.

Al Ahly Capital Holding is a joint-stock private equity firm established by the National Bank of Egypt (NBE) in June 2008 with investments exceeding 9 billion Egyptian pounds ($573.8 million) in areas of petrochemicals, building materials, medical services, non-banking financial services, and etc.