Frimex Worldwide Funding Firm (“Frimex”), the funding arm of Hayel Saeed Anam & Co (HSA Group) within the GCC, introduced the completion of a 60% acquisition of Gulf Neo Care (GNC) within the Kingdom of Saudi Arabia — a fast-growing Saudi firm specialised in neonatal care, prescription drugs, medical units, and healthcare merchandise.
The signing ceremony was held in Riyadh within the presence of Deputy Minister of Funding for Built-in Investor Companies Mohammed bin Abdulrahman Aba Hussein, together with representatives from the Ministry of Funding and related authorities entities, senior executives and staff from each corporations, ambassadors, physicians, and enterprise leaders.
This funding aligns with the Kingdom’s ongoing efforts to empower the healthcare sector and foster high-quality partnerships that improve healthcare providers and assist the goals of Saudi Imaginative and prescient 2030.
A strategic basis for healthcare growth
This step represents a cornerstone in Frimex’s growth technique into the healthcare sector. The target is to place Gulf Neo Care because the core pillar of a scalable, built-in healthcare platform aligned with Imaginative and prescient 2030 targets.
The funding builds on Gulf Neo Care’s robust operational efficiency, serving a community of over 700 shoppers and overlaying 90% of cities throughout the Kingdom.
By combining Gulf Neo Care’s specialised experience with Frimex’s institutional capabilities — rooted in a legacy courting again to 1938 in constructing multi-market industrial and business platforms below HSA Group — the partnership will set up an built-in institutional mannequin aimed toward increasing high-quality healthcare providers and bridging gaps in specialised medical provide chains inside Saudi Arabia.
Management statements
Ibrahim Hayel Saeed, Chairman of Frimex and Board Member of HSA Group, said that the acquisition represents a pivotal milestone within the firm’s technique to determine robust funding entities throughout important sectors, capitalizing on the numerous alternatives created by Imaginative and prescient 2030. He emphasised that Frimex operates below a disciplined governance framework that enables the corporate to construct on Gulf Neo Care’s confirmed monitor report whereas additional strengthening its place inside the Kingdom’s healthcare ecosystem. He added that this step contributes to the qualitative transformation of Saudi Arabia’s healthcare sector by growing aggressive institutional entities able to delivering sustainable worth to companions and society alike.
Dr. Saleh Abdulrahman Al-Olayan, Co-Founder and Board Member of Gulf Neo Care, said that the corporate was established in 2011 in partnership with Dr. Khaled Marji Saleh Al-Faleh with a imaginative and prescient to construct a company outlined by the standard of its impression reasonably than its dimension. He famous that choosing Frimex as a strategic companion displays a robust alignment of their shared dedication to sustainability and institutional integration. He additional expressed confidence that Frimex’s collaborative management method will strengthen the foundations already constructed and information the corporate towards broader horizons of structured progress and growth.
Shawki Ahmed Hayel Saeed, Chief Working Officer of HSA Group and Board Member, said that the partnership marks a strategic turning level within the Group’s business trip in Saudi Arabia. He highlighted HSA Group’s in depth expertise within the healthcare sector, constructed via a portfolio of profitable initiatives throughout a number of markets. Working in additional than 15 nations, the Group will leverage its operational experience and regional networks to assist the partnership, strengthen integration, and implement international finest practices in alignment with Imaginative and prescient 2030. He expressed confidence that the collaboration will ship significant achievements and contribute to constructing an establishment that every one stakeholders can take delight in.
Jamal Abdulwasa Hayel Saeed, Vice Chairman of Frimex and Chairman of Gulf Neo Care, said that the funding is guided by a transparent imaginative and prescient and well-defined strategic goals. He famous that Gulf Neo Care has established robust operational foundations and demonstrated excessive compliance with high quality requirements, in alignment with Frimex’s funding philosophy and core values.
He defined that the following part will middle on 4 key priorities: investing in human capital, increasing geographically, advancing digital transformation, and diversifying providers — all aimed toward reinforcing the corporate’s capability for sustainable progress. He additionally welcomed Gulf Neo Care’s management and staff into HSA Group and reaffirmed the shared dedication to constructing an built-in healthcare platform that helps the Kingdom’s transformation and elevates operational excellence requirements throughout the pharmaceutical and healthcare sectors.
Strategic impression
This transaction reinforces Frimex’s place in Saudi Arabia as a strategic investor and key participant in high-impact sectors. It contributes to constructing scalable establishments aligned with the Kingdom’s financial diversification agenda and quality-of-life enhancement initiatives.
Gulf Neo Care (GNC)
Based in 2011, Gulf Neo Care is a Saudi healthcare firm and one of many fastest-growing companies in neonatal care and specialised pharmaceutical options.
The corporate operates a state-of-the-art logistics middle in Riyadh compliant with Saudi Meals and Drug Authority (SFDA) requirements, along with a temperature-controlled fleet guaranteeing protected supply of prescription drugs and significant medical provides to main private and non-private healthcare establishments throughout the Kingdom.
Frimex Worldwide Funding Firm
Frimex is the funding arm of Hayel Saeed Anam & Co (HSA Group) within the GCC.
Drawing on 9 many years of commercial and business excellence, Frimex focuses on long-term strategic investments in promising sectors. The corporate is dedicated to constructing resilient establishments that contribute to financial diversification and ship an enduring impression in alignment with Imaginative and prescient 2030.
