Mubasher: Investcorp announced that a subsidiary has bought a stake in Al Borg Medical Laboratories, according to a press release on Tuesday.
Al Borg is a leading private medical laboratory chain in the GCC established in 1999 in Jeddah and has 53 laboratories across eight countries in the GCC and Africa, with a clear leadership position in Saudi Arabia.
“Al Borg benefits from the positive healthcare dynamics in the region. A key focus for our team will be to help generate additional growth opportunities for the business, leveraging experience gained from our large number of portfolio companies,” said Yasser Bajsair, Managing Director at Investcorp in the Kingdom of Saudi Arabia.
This deal is of a series of investments that Investcorp and its affiliates managed in Saudi Arabian, including Bindawood Holding in January 2016, Leejam, Theeb, Al Yusr Industrial Contracting Company, L'azurde, and NDT Corrosion Control Services
