UAE’s Burjeel Holdings, Colombia’s Keralty plan Saudi expansion through Al Kalma joint venture

The Al Kalma JV will see the two healthcare companies jointly develop an integrated medical ecosystem in the kingdom

The Abu Dhabi-listed Burjeel Holdings has entered a joint venture with Colombian healthcare provider Keralty S.A.S, to launch Al Kalma, a healthcare brand that will expand into Saudi Arabia, followed by the UAE, through specialised primary care centres and mental health services.

The JV will be operated through a newly formed holding company established in the Abu Dhabi Global Market jurisdiction. Burjeel Holdings and Keralty will each hold an equal 50% shareholding.

The companies said they are targeting a “rapid roll-out in the Middle East,with the potential to extend subsequently into North Africa.” Services will be extended beyond the region “by evaluating each market and executing the strategy on a country-by-country basis.”

Source: zawya

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