Abeer Group

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

Abeer Group - overview

Established

1999

Location

Jeddah, Western Province, Saudi Arabia

Primary Industry

Healthcare

About

Based in Jeddah, Saudi Arabia, and founded in 1999 by founder Alungal Mohammed, Abeer Group's expansive network encompasses advanced medical centers, hospitals, pharmacies, and optical centers to provide healthcare services to over 4 million individuals annually. In January 2024, Gulf Islamic Investments acquired Abeer Group for SAR 600 million. The company operates in multiple locations, such as Saudi Arabia and other GCC countries, including Qatar, the UAE, Oman, Kuwait, and India.   The company offers a wide range of services, including healthcare, aviation, marketing, education, media, and travel sectors.


Abeer Medical Group, a flagship entity, manages medical centers and hospitals, with imminent plans to launch healthcare facilities. Abeer Aviation is the group's aviation support service company. Quartz Studio, the marketing and advertisement venture, boasts a prestigious clientele in the Middle East and India, including well-known names like Qatar Airways and Lulu Hypermarket. Abeer Educity aims to create a comprehensive educational hub in Kerala, India, encompassing medical and non-medical institutions.


This 'KG to PG' initiative includes a multispecialty hospital, an international school, a technical academy, a management excellence center, an Ayurvedic spa, a shopping mall, a luxury hotel, residential villas, and a metro library. Insight Media City (IMC), a media organization based in Kochi, houses Flowers TV and is set to launch 24 News, a 24-hour news channel. IMC's media school focuses on nurturing creative knowledge and education in the entertainment industry. The January 2024 acquisition will help Abeer Group's healthcare solutions and its expansion into new locations.


Current Investors

Gulf Islamic Investments

Primary Industry

Healthcare

Sub Industries

Marketing/Advertising, Education & Training Services, Travel & Tourism, Hospitals, Clinics/Outpatient Services, Aerospace

Website

www.abeergroup.com

Verticals

HealthTech

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

Abeer Group - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
BuyoutCompletedAbeer Group-

Displaying 1 - 1 of 1

Abeer Group - employee data

Blurred Background

Want to see Employee Count?

Request a demo for full access to this profile.

GoingPro

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.