- City Fajr Shuruq Duhr Asr Magrib Isha
- Dubai 04:09 05:31 12:18 15:42 19:00 20:22
NBK headquarters in Kuwait City. NBK's new fund is expected to offer 6.5 per cent return per annum. (AFP)
NBK Capital has acquired 30 per cent equity stake in Dunya Goz Group, Turkey's largest ophthalmology hospital chain.
The investment was made through its NBK Capital Equity Partners Fund, the company's regional private equity fund focusing on growth and expansion opportunities in the Mena region and Turkey.
With annual revenues of $70 million (Dh257m) in 2009, Dunya is one of the leading healthcare platforms in Turkey and the broader Middle East/Eastern Europe. The company currently operates a broad network of full scale hospitals, clinics and pretreatment centres across 16 locations in Turkey and Europe.
Eray Kapicioglu, Chairman and CEO of Dunya, noted that the investment will be used to strengthen the company's financial standing and allow it to further expand its operations in Turkey and international markets. "We are thrilled to embark on this new chapter in our history with an outstanding firm – one of the most respected names among the leading private equity firms. The strategic and financial expertise of the Fund will enable Dunya in the process of transforming into a world-class company."
Follow Emirates 24|7 on Google News.