UAE: NMC Health takes over leading IVF operator, Fakih IVF

UAE: NMC health recently announced taking over Fakih IVF. With this step NMC has taken a major step into the IVF market. Fakih IVF is a major leader in the IVF market in the Gulf region. It comprises of Fakih IVF and Fakih IVF Fertility Centre. The group performs more than 4,000 IVF cycles annually.

NMC now owns 49 percent minority stake in Fakih IVF. According to the statement provided by NMC, a total of 3,533,857 new ordinary shares of 10 pence each fully paid in the company (the “Consideration Shares”), have been issued.

 

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