Dawi Clinics raises $8m to fund its enlargement in Egypt

Dawi Clinics, the biggest chain of outpatient care in Egypt, has raised EGP 250 million (8,090,798) to fund the expansion of its chain of clinics throughout the Egyptian market by opening 30 new branches.

The funding spherical is led by Al Ahly Capital Holding (ACH), the native funding arm of the Nationwide Financial institution of Egypt (NBE) with a co-investment by the Egyptian-American Enterprise Fund (EAEF),  a US Congressionally-supported funding fund, and already invested in Dawi.

In accordance with Karim Saada, Managing Director of ACH, “We’re happy to associate with the founders of Dawi, an organization which has impressively grown over the previous years with sturdy and dynamic administration. We consider that this funding enhances and matches effectively with the mission assertion and development technique of our healthcare platform, offering top quality reasonably priced healthcare providers throughout the nation. We stay up for persevering with to increase in Dawi and our healthcare platform hand in hand.”

Dawi Clinics, which is at present working 20 branches throughout 10 governorates, gives coordinated household care supplied by greater than 260 medical doctors throughout a number of specialties. In 2022, Dawi provided its providers to greater than 120 thousand sufferers throughout the nation.

Dawi Clinics’ distinctive working mannequin delivers higher well being outcomes by handpicking physicians and enabling them to work in a coordinated method by way of a cloud-based medical digital file platform that retains all affected person medical information on file.

On his half, EAEF’s chairman James Harmin famous: “We’re excited to assist Dawi Clinics in its subsequent stage of development. Based and led by two distinguished girls entrepreneurs, Dawi is revolutionizing Egypt’s healthcare market by providing customers a complete providing of well being providers by way of its main care clinics. We stay up for supporting Dawi within the years forward because it delivers on its mission to supply high quality, reasonably priced healthcare to customers throughout Egypt”

“Securing new investments amid ongoing native and world financial challenges is an affidavit to the worth inherent within the Egyptian market, notably within the healthcare sector and extra particularly within the means of Dawi Clinics to unlock this worth and ship superior returns”, stated Magda Habib, Co-founder and CEO of Dawi Clinics.

She added: “Our confirmed and distinctive working mannequin throughout 20 profitable branches is the rationale that these traders have put their belief, and their cash, in Dawi Clinics”.

“Our medical doctors are our key asset. We’re pleased with our excessive caliber, empathetic, younger, and educated crew of medical doctors.  We’ve got excessive belief within the superior caliber of Egyptian physicians graduated and skilled in Egyptian medical establishments When supported by a strong establishment that operates inside a structured framework, they’ll ship superior care and higher outcomes for every of our sufferers” stated Mairose Doss, co-founder and COO at Dawi Clinics.

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