Alpha Dhabi acquires ADQ to create UAE's largest health provider
07 Jan 2022
1
United Arab Emirates-based conglomerate Alpha Dhabi on Wednesday announced the signing of an agreement with Abu Dhabi state holding company ADQ, as he company claims, to create the UAE's largest healthcare provider.
Under the scheme, the merged entity will operate through Alpha Dhabi's unit Pure Health Medical Supplies LLC after the merger of ADQ's Abu Dhabi Health Services (SEHA) and National Health Insurance Company (Daman).
SEHA, the largest healthcare network in the UAE, runs the public health infrastructure in the emirate of Abu Dhabi and also operates COVID-19 screening centres in other parts of the UAE.
Tamouh Healthcare, Yas Clinic Group and Abu Dhabi Stem Cell Center will also become part of Pure Health, an Alpha Dhabi statement said, without specifying from which entity those units were acquired.
Alpha Dhabi is a holding company operating in the healthcare, construction and hospitality sectors. It listed on the Abu Dhabi Securities Exchange in June and is a subsidiary of Abu Dhabi-listed International Holding Company .
IHC is chaired by Sheikh Tahnoon bin Zayed Al Nahyan, the United Arab Emirates' national security adviser and a brother of the country's de facto ruler Abu Dhabi Crown Prince Mohammed bin Zayed.
Established in Abu Dhabi in 2018, ADQ is one of the region's largest holding companies with investments locally and internationally. Both an asset owner and investor, ADQ’s broad portfolio of major enterprises span key sectors of a diversified economy, including energy and utilities, food and agriculture, healthcare and pharma, and mobility and logistics, amongst others.
