Latest news with #KarimElSolh
Zawya
31-07-2025
- Business
- Zawya
Gulf Capital successfully exits ART Fertility Mideast operations
Gulf Capital, one of the largest private equity firms investing from the GCC to the rest of Asia, announced today that it has sold its majority stake in ART Fertility Clinics' Middle East operations to IVI-RMA Global, the world's largest assisted reproduction group. The transaction is expected to generate a significant return on invested capital, making it one of Gulf Capital's most successful exits to date. Since its acquisition in 2020, ART Fertility Clinics has undergone a period of significant growth and transformation. Under Gulf Capital's ownership, ART expanded from a UAE-focused business into a regional fertility platform with 15 clinics, including 3 in the UAE, 1 in Saudi, and 11 in India. The scope of the transaction includes the clinics located in UAE and Saudi Arabia, while the India operation will remain under the ownership of Gulf Capital. In the Middle East alone, ART Fertility Clinics has delivered substantial revenue and ebitda growth since 2020, with profitability quadrupling over the last five years. This strong financial performance has been underpinned by ART's reputation for clinical excellence, rapid regional expansion and some of the highest success rates in IVF treatments across the region. On the successful exit, Co-Founder and CEO Dr. Karim El Solh said: "We are proud of the transformation we achieved at ART Fertility, scaling the platform from a single-country operator to the regional leader in reproductive medicine. Under Gulf Capital's ownership, ART Fertility invested heavily in science and research with 220 medical publications to date and launched a pioneering genetic testing lab in Abu Dhabi, leading to some of the highest IVF fertility success rates globally." "ART Fertility's expansion and financial performance underline Gulf Capital's deep focus on operational improvements and growth. Following a competitive auction, the successful sale of the company to a global strategic buyer highlights Gulf Capital's ability to source, grow and exit healthcare platforms at very attractive multiples," he stated. ART Fertility Clinics CEO Suresh Soni said: "We have built a strong reputation for clinical excellence and world-class patient outcomes. Our success has been driven by our scientific rigor, a world-renowned medical team led by Prof. Dr Human Fatemi, and a deep commitment to providing the best-in-class care." "With the support of Gulf Capital, we were able to expand successfully across the region and enhance our service offerings including adding in house genetic capabilities. We are excited to join IVI-RMA's global platform and to continue delivering on our mission and commitment towards the GCC community," he added. Hazem Abu Khalaf, Managing Director and Head of Healthcare investments at Gulf Capital, said: "Our investment in ART Fertility is a clear example of Gulf Capital's ability to drive operational improvement and strategic growth in high-impact sectors. As one of the most vital and fast-evolving industries in the GCC, healthcare continues to offer both meaningful impact and long-term growth opportunities. ART Fertility stands as a testament to that potential." "Over the past few years, we have helped build a business that combines scale, profitability, and clinical leadership – three elements that are often difficult to align. We are confident that ART Fertility is well-positioned for continued success in its next phase of growth under IVI-RMA's ownership and proud to have laid the foundation for its continued success in advancing specialized healthcare in the region," he added. Gulf Capital and ART Fertility Clinics were advised by Moelis & Company as M&A advisor, and A&O Shearman as legal advisor on the transaction. Copyright 2025 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Web Release
30-07-2025
- Business
- Web Release
Gulf Capital Successfully Exits ART Fertility Clinics' Middle East Operations Selling Its Stake to IVI-RMA Global, World Leader in Fertility and Assisted Reproduction.
Gulf Capital, one of the largest private equity firms investing from the GCC to the rest of Asia, announced today that it has sold its majority stake in ART Fertility Clinics' Middle East operations to IVI-RMA Global, the world's largest assisted reproduction group. The transaction is expected to generate a significant return on invested capital, making it one of Gulf Capital's most successful exits to date. Since its acquisition in 2020, ART Fertility Clinics has undergone a period of significant growth and transformation. Under Gulf Capital's ownership, ART expanded from a UAE-focused business into a regional fertility platform with 15 clinics, including 3 in the UAE, 1 in Saudi, and 11 in India. The scope of the transaction includes the clinics located in UAE and Saudi Arabia, while the India operation will remain under the ownership of Gulf Capital. In the Middle East alone, ART Fertility Clinics has delivered substantial revenue and EBITDA growth since 2020, with profitability quadrupling over the last five years. This strong financial performance has been underpinned by ART's reputation for clinical excellence, rapid regional expansion and some of the highest success rates in IVF treatments across the region. Dr. Karim El Solh, Co-Founder and CEO of Gulf Capital, commented: 'We are proud of the transformation we achieved at ART Fertility, scaling the platform from a single-country operator to the regional leader in reproductive medicine. Under Gulf Capital's ownership, ART Fertility invested heavily in science and research with 220 medical publications to date and launched a pioneering genetic testing lab in Abu Dhabi, leading to some of the highest IVF fertility success rates globally. ART Fertility's expansion and financial performance underline Gulf Capital's deep focus on operational improvements and growth. Following a competitive auction, the successful sale of the company to a global strategic buyer highlights Gulf Capital's ability to source, grow and exit healthcare platforms at very attractive multiples.' Suresh Soni, CEO of ART Fertility Clinics, said: 'ART Fertility has built a strong reputation for clinical excellence and world-class patient outcomes. Our success has been driven by our scientific rigor, a world-renowned medical team led by Prof. Dr Human Fatemi, and a deep commitment to providing the best-in-class care. With the support of Gulf Capital, we were able to expand successfully across the region and enhance our service offerings including adding in house genetic capabilities. We are excited to join IVI-RMA's global platform and to continue delivering on our mission and commitment towards the GCC community.' Hazem Abu Khalaf, Managing Director and Head of Healthcare investments at Gulf Capital, added: 'Our investment in ART Fertility is a clear example of Gulf Capital's ability to drive operational improvement and strategic growth in high-impact sectors. As one of the most vital and fast-evolving industries in the GCC, healthcare continues to offer both meaningful impact and long-term growth opportunities. ART Fertility stands as a testament to that potential. Over the past few years, we have helped build a business that combines scale, profitability, and clinical leadership – three elements that are often difficult to align. We are confident that ART Fertility is well-positioned for continued success in its next phase of growth under IVI-RMA's ownership and proud to have laid the foundation for its continued success in advancing specialized healthcare in the region' Gulf Capital and ART Fertility Clinics were advised by Moelis & Company as M&A advisor, and A&O Shearman as legal advisor on the transaction.
Zawya
30-07-2025
- Business
- Zawya
Gulf Capital successfully exits ART Fertility Clinics' Middle East operations
Abu Dhabi: Gulf Capital, one of the largest private equity firms investing from the GCC to the rest of Asia, announced today that it has sold its majority stake in ART Fertility Clinics' Middle East operations to IVI-RMA Global, the world's largest assisted reproduction group. The transaction is expected to generate a significant return on invested capital, making it one of Gulf Capital's most successful exits to date. Since its acquisition in 2020, ART Fertility Clinics has undergone a period of significant growth and transformation. Under Gulf Capital's ownership, ART expanded from a UAE-focused business into a regional fertility platform with 15 clinics, including 3 in the UAE, 1 in Saudi, and 11 in India. The scope of the transaction includes the clinics located in UAE and Saudi Arabia, while the India operation will remain under the ownership of Gulf Capital. In the Middle East alone, ART Fertility Clinics has delivered substantial revenue and EBITDA growth since 2020, with profitability quadrupling over the last five years. This strong financial performance has been underpinned by ART's reputation for clinical excellence, rapid regional expansion and some of the highest success rates in IVF treatments across the region. Dr. Karim El Solh, Co-Founder and CEO of Gulf Capital, commented: 'We are proud of the transformation we achieved at ART Fertility, scaling the platform from a single-country operator to the regional leader in reproductive medicine. Under Gulf Capital's ownership, ART Fertility invested heavily in science and research with 220 medical publications to date and launched a pioneering genetic testing lab in Abu Dhabi, leading to some of the highest IVF fertility success rates globally. ART Fertility's expansion and financial performance underline Gulf Capital's deep focus on operational improvements and growth. Following a competitive auction, the successful sale of the company to a global strategic buyer highlights Gulf Capital's ability to source, grow and exit healthcare platforms at very attractive multiples.' Suresh Soni, CEO of ART Fertility Clinics, said: 'ART Fertility has built a strong reputation for clinical excellence and world-class patient outcomes. Our success has been driven by our scientific rigor, a world-renowned medical team led by Prof. Dr Human Fatemi, and a deep commitment to providing the best-in-class care. With the support of Gulf Capital, we were able to expand successfully across the region and enhance our service offerings including adding in house genetic capabilities. We are excited to join IVI-RMA's global platform and to continue delivering on our mission and commitment towards the GCC community.' Hazem Abu Khalaf, Managing Director and Head of Healthcare investments at Gulf Capital, added: 'Our investment in ART Fertility is a clear example of Gulf Capital's ability to drive operational improvement and strategic growth in high-impact sectors. As one of the most vital and fast-evolving industries in the GCC, healthcare continues to offer both meaningful impact and long-term growth opportunities. ART Fertility stands as a testament to that potential. Over the past few years, we have helped build a business that combines scale, profitability, and clinical leadership – three elements that are often difficult to align. We are confident that ART Fertility is well-positioned for continued success in its next phase of growth under IVI-RMA's ownership and proud to have laid the foundation for its continued success in advancing specialized healthcare in the region' Gulf Capital and ART Fertility Clinics were advised by Moelis & Company as M&A advisor, and A&O Shearman as legal advisor on the transaction. About Gulf Capital Gulf Capital is an operationally focused private equity firm with over 19 years of investment experience from the GCC to the rest of Asia, one of the fastest growing investment corridors in the world today. Gulf Capital partners with dynamic entrepreneurs and exceptional management teams to provide them with growth capital, strategic advice, and operational expertise to build market leading global businesses. The Firm has a long and proven track record of investing in Growth Markets, having closed 45 investments since 2006. It currently manages over $2.4 billion in assets across seven funds and investment vehicles. As a thematic investor, Gulf Capital focuses on resilient, forward-looking sectors such as Technology and Fintech, Healthcare, Business Services, Consumer, and Sustainability. Its mission is to build value with world-class governance and ESG best practices, deep focus on operational improvements and sectoral expertise to generate sustainable and superior performance for its key stakeholders. For more information, please visit or LinkedIn @gulfcapital About ART Fertility Clinics Founded in 2015, ART Fertility Clinics is a globally recognized provider of fertility treatments, known for its clinical excellence, scientific research, and outstanding patient outcomes. The company operates across the UAE, Saudi Arabia, and India. About IVI RMA Global IVI RMA Global is a global leader in reproductive medicine, committed to delivering personalized, high-quality fertility care backed by science, technology, and compassionate care. Through its growing network of clinics, the company empowers individuals and couples to build the families they dream of—safely, effectively, and with unwavering support at every step. FOR MEDIA INFORMATION: Petra Consulting Randa Mazzawi +971 50 4506120 randa@
Khaleej Times
14-02-2025
- Business
- Khaleej Times
Dubai: Gulf region will become world's top AI hubs, experts say
The Gulf Cooperation Council (GCC) is rapidly emerging as a global leader in artificial intelligence (AI), with experts predicting that the region will soon join the United States and China as one of the world's top AI hubs. Driven by massive investments, strategic partnerships, and a forward-thinking vision, the Gulf countries are leveraging AI to transform their economies and solidify their position as leaders in technological innovation. Speaking at a panel organised by Georgetown University, in collaboration with the Dubai Media Council, Dr Karim El Solh, founder and Managing Director of Gulf Capital, highlighted the region's growing influence in AI development. 'With OpenAI forming partnerships in the region and the UAE investing in Stargate, we are witnessing the rise of three AI hubs — the US, China, and the Gulf,' said Dr El Solh. 'Abu Dhabi's sovereign wealth fund has committed $100 billion to AI development, while Saudi Arabia has allocated $40 billion. The Gulf countries are not just investing in AI. They are actively integrating it to reshape their economies.' Top officials at the event elaborated on how AI is being implemented across various sectors, driving economic growth, enhancing government services, and fostering innovation. Dubai's AI-driven economic growth Officials highlighted how the emirate has evolved from a regional trading hub to a global economic powerhouse, and now leveraging AI and blockchain technologies to accelerate its economic growth. 'Dubai has set an ambitious goal to double its economy by 2033,' said Mohammed Ali Rashed Lootah, president and CEO of Dubai Chambers. 'A key part of the strategy is increasing foreign trade in goods and services and expanding trade relations worldwide, making Dubai one of the most attractive destinations for global businesses.' Lootah highlighted the role of AI in achieving these goals. He said that one of the main focus areas in the D33 agenda is to boost Dubai's industrial sector and increase the value of exports. 'We have a target to generate Dh100 billion annually from digital products by embracing AI and blockchain technologies, aiming to create an advanced, digitally powered economy. The rise of fintech, e-commerce, and AI-driven solutions has already entered the business landscape,' said Lootah. 'D33 is designed to ensure Dubai is at the forefront of these industries. Digital infrastructure investment will create seamless connectivity between businesses, government services, and international markets, making the city an even more attractive destination for global enterprises,' added Lootah. Shaping the future of human engagement The media industry is also undergoing a transformation, with AI playing a pivotal role in shaping content creation and audience engagement. Mohamed AlMulla, CEO of Dubai Media, highlighted the importance of innovation and cross-industry collaboration in driving growth. 'From the media perspective, technological evolution plays a major role in how we shape our industry as well as human engagement,' said AlMulla. 'One of the quotes of His Highness Sheikh Mohammed Bin Rashid Al Maktoum is — 'The future belongs to those who can imagine it, design it, and execute it.' The future requires a shift in mindset,' said AlMulla. 'We highly encourage cross-industry collaboration at the Dubai Media Council for mutual growth. We deploy AI and technological tools, talent, and technology in everything we do,' added AlMulla. Harnessing data for social development Beyond business and media, AI is also being leveraged for social development, with authorities using data-driven insights to shape policies and improve community well-being. Maitha Al Shamsi, CEO of the Community Empowerment Sector, highlighted the importance of data-driven insights in shaping inclusive policies and fostering innovation. 'We are really looking into data and how we can harness the power of data,' said Al Shamsi. 'We have introduced the Social and Community Development Authority, and the idea is, through using AI and analysing data, we would be able to keep a pulse on new social trends, changes in society, and the well-being of the people,' said Al Shamsi. 'A lot of what we are focusing on is how to attract talent and create inclusive policies for Dubai. We want to have an environment for innovative and creative people, where they can say- This is where I want to innovate,' said Al Shamsi.
