Dawi Clinics, the largest chain of outpatient care in Egypt, has raised EGP 250 million (8,090,798) to fund the growth of its chain of clinics across the Egyptian market by opening 30 new branches.
The investment round is led by Al Ahly Capital Holding (ACH), the local investment arm of the National Bank of Egypt (NBE) with a co-investment by the Egyptian-American Enterprise Fund (EAEF), a US Congressionally-supported investment fund, and already invested in Dawi.
According to Karim Saada, Managing Director of ACH, “We are pleased to partner with the founders of Dawi, a company which has impressively grown over the past years with strong and dynamic management. We believe that this investment complements and fits well with the mission statement and growth strategy of our healthcare platform, providing high quality affordable healthcare services across the country. We look forward to continuing to expand in Dawi and our healthcare platform hand in hand.”