Aster DM Healthcare’s $1.7 billion deal with a Fajr Capital-led consortium is set to create over 2,000 jobs in the coming years, according to Alisha Moopen, the managing director and group CEO of Aster GCC business.
The agreement, valuing Aster’s GCC business, aims to take it private, allowing a focus on separate geographies and unlocking shareholder value. The expansion plans include entering the Saudi Arabian market with around 250 pharmacies and the development of the Medcare Royal Hospital in Al Qusais.
The deal is expected to enhance Aster’s offerings, particularly in tertiary and quaternary fields such as oncology.
