Arada has acquired an 80%+ stake in Reem Hospital as part of its AED 2 billion healthcare expansion strategy. The stake was acquired from a consortium including Investcorp and affiliated investors. Financial terms were not disclosed.
Arada plans to double capacity at Reem Hospital’s existing Reem Island facility and develop three additional hospitals across the UAE.
The transaction marks a major diversification move for Arada beyond real estate, targeting long-term growth in healthcare infrastructure and services.
Reem Hospital’s founding team will retain ownership stakes and continue managing operations.
Gulf Economist Staff Writer