Gulf Islamic Investments completed the acquisition of a majority stake in Al Meswak Dental Clinics from Jadwa Investment for $530m.

Gulf Islamic Investments, a private equity firm, completed the acquisition of a majority stake in Al Meswak Dental Clinics, a dental and dermatology service provider, from Jadwa Investment, an investment management and advisory firm, for $530m. “This is a landmark transaction that reflects our capability and reach in the healthcare sector and the Saudi market. We look forward to building a long-term partnership with Jadwa Investment, and to work together towards listing Al Meswak on Tadawul within the next two to three years. This reflects our growing commitment to this market, where we are currently evaluating several other opportunities," Mohammed Al Hassan, GII Co-CEO and Co-Founder.