Cairo-based Dawi Clinics, the biggest chain of outpatient care in Egypt is ready to increase additional after securing EGP 250 million funding. The corporate has expanded its chain of clinics throughout the Egyptian market by opening 30 new branches.
The funding spherical was 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.
“We’re happy to companion with the founders of Dawi, an organization which has impressively grown over the previous years with sturdy and dynamic administration. We imagine that this funding enhances and matches properly with the mission assertion and development technique of our healthcare platform, offering prime quality inexpensive healthcare providers throughout the nation. We stay up for persevering with to increase in Dawi and our healthcare platform hand in hand.”, commented Karim Saada, Managing Director of ACH.
Dawi Clinics, which is presently working 20 branches throughout 10 governorates, affords coordinated household care offered by greater than 260 docs throughout a number of specialties. In 2022, Dawi supplied 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 a cloud-based medical digital document platform that retains all affected person medical information on file.
On his half, EAEF’s chairman James Harmin famous: “We’re excited to help Dawi Clinics in its subsequent stage of development. Based and led by two outstanding girls entrepreneurs, Dawi is revolutionizing Egypt’s healthcare market by providing shoppers a complete providing of well being providers by its main care clinics. We stay up for supporting Dawi within the years forward because it delivers on its mission to supply high quality, inexpensive healthcare to shoppers throughout Egypt”
“Securing new investments amid ongoing native and international financial challenges is a sworn statement to the worth inherent within the Egyptian market, significantly within the healthcare sector and extra particularly within the potential 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 docs are our key asset. We’re happy with our excessive caliber, empathetic, younger, and educated group of docs. Now we have 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 will ship superior care and higher outcomes for every of our sufferers” stated Mairose Doss, co-founder and COO at Dawi Clinics.
ACH was represented within the funding spherical by MHR & Companions in affiliation with White&Case.
EAEF was represented by Nour & Companions in affiliation with Al Tamimi & Firm.
Dawi was represented by Ibrachy Authorized Consultancy (I&P)