Fajr Capital

For our next sessions, we have an exciting fireside chat between Mohammad Atif Mahmood, Fajr Capital and Paula Tavangar, Injaz Capital! They will be discussing the local ecosystem of the Middle East: How is the region retaining talent and fostering homegrown financial growth? How are regional PE and VC in the middle east developing and how are governments speeding up innovation, creating new spaces and boosting local empowerment?  This is not one to miss!

As China embarks on the next decade of the Belt and Road Initiative, Fajr Capital’s CEO, Iqbal Khan, joined industry leaders at SRF's 10th Anniversary Forum in Beijing and the Belt and Road Summit 2024 in Hong Kong.   Iqbal Khan shared insights on the next phase of the Belt and Road Initiative, highlighting the growing role of the private sector and the deepening collaboration between China and the Middle East. Interesting discussions also on global investment trends, the opportunities and challenges for sustainable investment, and more. For more details, see the South China Morning Post: https://lnkd.in/dGEv7ifQ

Delighted to participate at the 2024 Global Private Capital Association Conference in New York. Fajr Capital's CEO, Iqbal Khan, took the stage to discuss the growing dynamism and opportunities within the GCC region, while also spotlighting our recent investments. Thanks to Cate Ambrose and the GPCA team for hosting us and convening such an impressive gathering of individuals and investors from North America, Asia, Africa and beyond.

I am delighted to announce the successful completion of the separation of Aster’s India and GCC businesses, marking a significant milestone for Aster DM Healthcare and the dawn of a new era. This achievement signifies the emergence of two distinct entities, each focusing on specific geographical regions. It is a momentous occasion that couldn’t have been possible without the collective effort of our dedicated Asterians who have tirelessly contributed to establishing Aster as one of the most reputable healthcare brands in the region. Fajr Capital are our partner of choice because of our shared values and commitment to a shared purpose for creating best in class healthcare institutions that the region can be proud of. Dr. Azad Moopen, our beloved Founder Chairman, started Aster 37 years ago with a single doctor clinic. Today, Aster has grown into an extensive network encompassing 896 healthcare facilities, supported by a workforce of 4314 doctors, 9883 nurses, and 20,042 other staff members. Looking ahead, we are truly excited to embark on our next stage of growth which would see us expand our footprint in GCC while strengthening our presence across physical and digital channels to meet the evolving healthcare needs of our patients and customers. We are actively developing the right market strategy for Saudi Arabia for the expansion of our primary care and hospital businesses, supported by our new partners, and we will continue to further strengthen our pole position in the existing markets simultaneously. We believe that Fajr Capital’s M&A expertise and strategic counsel would be of utmost importance in this journey. As we step into this new phase, our commitment remains to ensuring our patients and customers are at the forefront of everything we do. We are dedicated to evolving our services to meet their changing needs, leveraging clinical excellence, digital innovation, and sustainable practices, all while keeping their needs as our top priority. https://lnkd.in/d-sfhn9N Azad Moopen Dr Aster DM Healthcare Fajr Capital #asterdmhealthcare #GCC #India

We're pleased to announce that a Fajr Capital-led consortium has today completed the acquisition of a 65% stake in Aster DM Healthcare's GCC business alongside the Moopen family who will retain a 35% stake in the company. “Today’s announcement marks the beginning of an exciting new chapter for Aster in the GCC,” said Iqbal Khan, CEO of Fajr Capital. “Healthcare remains one of the largest, most pivotal and dynamic sectors in the regional economy. With its deep regional roots, Aster has emerged as a healthcare champion in the GCC and benefits from a strong market presence, exceptional workforce and an unwavering commitment to providing the highest quality of healthcare to the regional population. We are pleased to have the opportunity to partner with Dr Azad, Alisha Moopen and the Moopen family, who share our values and vision for the business, and look forward to working with them and the leadership team to unlock Aster’s tremendous potential in the GCC.” 

Latest: We're delighted to announce that a Fajr Capital-led consortium, which includes Emirates Investment Authority, Al Dhow Holding Company (the investment arm of Al Sayer Group), Hana Investment Company (a subsidiary of Olayan Financing Company) and Wafra International Investment Co., has today entered into a definitive agreement to invest in Aster’s GCC business. "Large family-led platform businesses is an area where we have deep experience and we believe that Aster has significant potential to meet the growing demand for integrated healthcare services across the Gulf region. We are grateful to the Moopen family for their trust and look forward to working with them, our consortium partners and the management team to accelerate Aster’s ambitions through continued investment, innovation and expansion,” said Iqbal Khan, CEO of Fajr Capital. Read more: https://lnkd.in/gPNzEGNe