Direct investments by Al Dhow Holding
Investment in Aster GCC
Al Dhow Holding along with a consortium of marquee investors led by Dubai based Fajr Capital invested in Aster DM Healthcare’s GCC business. The consortium acquired 65% stake in Aster’s GCC business while the Moopen family will continue to own 35%. The enterprise value of c. US$ 1.7 billion makes the deal one of the largest in the GCC healthcare industry.
Aster Healthcare operates 15 hospitals, 117 clinics and 285 pharmacies spread across UAE, KSA, Oman, Qatar and Bahrain. Under the leadership of Dr. Azad Moopen and Ms. Alisha Moopen, the platform is expected to grow further in coming years.
Al Dhow’s investment in Aster underlines its strategy to partner with quality businesses for long term.
Website
Investments held by Al Razzi Holding
(Subsidiary of Al Dhow Holding)
AlRazzi Holding Company
Established in 2005, AlRazzi Holding Company has a paid-up capital of KD 40 million and is focused on acquiring majority stakes in companies in the education and healthcare sectors. AlRazzi owns controlling stakes in SAMA Educational Company K.S.C.C, Bayan Dental Company and Warba Medical Supplies Company W.L.L.
Website
Sama Educational Company
SAMA, a subsidiary of AlRazzi Holding Company, is an education company based out of Kuwait. SAMA has a student base of over 10,000 students across 4 countries and 5 brands.
In Kuwait, SAMA operates the largest American curriculum chain of schools in Kuwait under the American Creativity Academy (ACA) brand. SAMA also operates a top British curriculum brand Kuwait English School (KES) which it acquired in 2022.
SAMA has expanded its education platform outside of Kuwait via JVs and strategic partnerships with reputed global brands like Aldenham in KSA and Royal Grammar School -Guilford (RGS) in Oman. With the acquisition of Beacon Private School, SAMA has established its presence in Bahrain.
Website
Bayan Dental Company
Bayan Dental Company is a subsidiary of AlRazzi Holding Company and operates four premium dental clinics in Kuwait. It is one of the largest dental providers in Kuwait, with over 29 dentists and 40 dental chairs.
Website
Warba Medical Supplies Company
Warba Medical Supplies Company is a subsidiary of AlRazzi Holding Company. Established in 1978, Warba Medical Supplies Companies is one of the most well established pharmaceutical distributors in Kuwait.
Website
Al Sayer Group investments
Warba Bank
AlSayer Group Holding Company owns a 10% stake in Warba Bank K.S.P.C. Established on February 17, 2010 by virtue of an Amiri Decree, Warba Bank is an Islamic Bank listed on Boursa Kuwait .
Website