Egypt-based healthcare firm B-Well Holding is currently in discussions with investors from Saudi Arabia and the United Arab Emirates to secure $20 million in financing. This investment would entail these investors acquiring up to 20% of the company’s capital. Co-Founder Ahmed Tarek shared these details with Al Arabiya Business.
Investment in New Clinic Projects
The funds raised will primarily be earmarked for the establishment of new clinics in Egypt. Tarek emphasized that this initiative is part of a broader vision for the company’s growth in the healthcare sector.
Ambitious Expansion Plans
Looking ahead, B-Well Holding has set an ambitious target to invest $100 million in the healthcare industry over the next six years. The company plans to open between 200 to 300 clinics during the initial phase, strategically located across seven governorates. Ultimately, the goal is to expand to a total of 1,000 clinics nationwide.
Funding Sources and Future Prospects
While a significant portion of the funding is expected to come from the company’s major shareholders, additional investments will be sourced from potential Arab investors. Furthermore, the firm is planning to launch a medical tourism platform aimed at attracting patients from Europe and other Arab countries. Tarek indicated that this platform is anticipated to be launched in March or April 2025.
Source: zawya