Riyadh - Sharikat Mubasher: Gulf Islamic Investments (GII), a financial services company based in Dubai, acquired a minor stake in the Saudi Abeer Medical Group for investments worth $160 million, a recent statement revealed.

Through this investment, GII will accelerate the Saudi group's plans to expand into new cities.

Abeer Medical Group operates high-end medical centers and hospitals across major cities in Saudi Arabia, Qatar, UAE, Oman, Kuwait, and India. It has been diversified into non-healthcare verticals like aviation, visual media, advertisement and marketing, information technology, and more.

Meanwhile, GII is committed to providing a diverse set of unique, duly researched, well-structured, and risk-mitigated investment opportunities to its clients to achieve consistent and superior returns in the fields of private equity, venture capital, infrastructure, and real estate.