Latest news with #EGF
Al Etihad
21-05-2025
- Business
- Al Etihad
Emirates Growth Fund announces first investment in Tarmeem Healthcare Holding
21 May 2025 19:25 ABU DHABI (WAM)Emirates Growth Fund (EGF), the UAE's dedicated growth equity platform for scaling national SMEs backed by Emirates Development Bank (EDB), has announced its inaugural investment with a strategic minority stake in Tarmeem Healthcare Holding LTD, a rapidly growing healthcare provider transforming patient mobility and quality of announcement was made at Make it in the Emirates 2025, and aligns with the UAE's industrial strategy to accelerate the growth of national priority investment marks a strategic milestone for EGF, which was launched to back founder-led SMEs in sectors vital to the UAE's economic future, including Healthcare, Manufacturing, Food Security, Sustainability, and Advanced Healthcare Holding, headquartered in Abu Dhabi, owns Tarmeem Orthopedic and Spine Specialty Hospital LLC, in addition to Tarmeem Medical Centre LLC in Khalifa City A and Al Healthcare Holding entities currently serve more than 20,000 patients annually, and are on track to double its footprint over the next 18 integrated model provides diagnosis, management, and treatment for musculoskeletal conditions and injuries while offering premium, patient-centric services delivered by top-tier orthopaedic experts and cutting-edge on the transaction, Dr. Ahmad Belhoul Al Falasi, Minister of Sports and Chairman of the Emirates Growth Fund, said, "This investment in Tarmeem Healthcare exemplifies the Emirates Growth Fund's mission to close the growth equity gap for UAE-based SMEs. Tarmeem represents the 'missing middle' often overlooked by traditional investors. It's not a startup but also not served by traditional SME funding platforms. Yet, they have great growth potential and by supporting companies with strong fundamentals and national relevance, we are advancing the UAE's long-term industrial and economic goals."Najla Al Midfa, Vice Chair & Managing Director of Emirates Growth Fund, commented, "We're proud to back Tarmeem as our first investment. They represent the next generation of UAE businesses. They are mission-driven and deeply attuned to the country's evolving needs. As the UAE invests in healthcare sovereignty and resilience, Tarmeem is well-positioned to lead and set new standards of excellence in specialized healthcare."Founded in 2019 by Dr. Ali Al Suwaidi, a fellowship-trained orthopaedic surgeon with more than two decades of international experience, Tarmeem was established to meet the growing regional demand for high-quality, specialised orthopedic and physiotherapy Al Suwaidi's leadership, shaped by prominent roles across major UAE healthcare institutions, anchors Tarmeem's clinical capital investment from EGF will accelerate Tarmeem's strategic expansion, increasing operational capacity and enabling the development for Tarmeem Orthopedic and Spine Specialty Hospital as well as the two state-of-the-art Medical Centres in Khalifa City A and Al hospital and the two new facilities aim to broaden access to expert musculoskeletal care while reinforcing Tarmeem's commitment to innovation and patient-centred Ali Suwaidi, Founder and CEO of Tarmeem, added, "This partnership with Emirates Growth Fund is about more than just capital. It's about purposeful growth. Their deep understanding of building enduring institutions, combined with strategic insight, provides us with a powerful platform to expand our reach and elevate the standard of orthopedic care across the UAE and beyond. Together, we're not just growing, we're shaping the future of specialised healthcare."As part of the investment, EGF will provide Tarmeem with strategic guidance in governance, growth strategy, and long-term institutionalisation, supporting the company's ambition to become a national leader in specialised healthcare UAE has made healthcare localisation a national priority, investing heavily in specialist services under Vision 2031. While significant progress has been made, opportunities remain to strengthen access to premium orthopaedic and physiotherapy care across the country. Tarmeem is directly addressing this gap, aligning with national efforts to build a resilient, world-class healthcare ecosystem.
Zawya
20-05-2025
- Business
- Zawya
MoIAT and Emirates Growth Fund sign strategic MoU to accelerate UAE's industrial growth
Abu Dhabi - The Ministry of Industry and Advanced Technology (MoIAT) and the Emirates Growth Fund (EGF) signed a strategic Memorandum of Understanding (MoU) today at Make it in the Emirates 2025 that reinforces their shared commitment to accelerating industrial growth in the UAE. The agreement aims to align growth capital with national industrial priorities by supporting promising growth-stage SMEs in UAE priority economic development sectors, including manufacturing, food security, healthcare, and advanced technology. The partnership aligns the objectives of Operation 300bn, MoIAT's national strategy to raise the industrial sector's contribution to AED 300 billion by 2031, with the potential impact for UAE-based SME represented byEGF, the nation's flagship AED 1 billion growth equity platform backed by Emirates Development Bank (EDB). The MoU establishes a framework for strategic collaboration across key areas, including joint development of a pipeline of SMEs seeking growth equity, coordinating on marketing and public communication initiatives to identify opportunities to build national champions, as well as aligning on key policy initiatives that can enable SMEs to have better access to private capital markets. The MoU was signed at Make it in the Emirates 2025 by H.E. Omar Al Suwaidi, Undersecretary of the Ministry of Industry and Advanced Technology, and H.E. Najla Al Midfa, Vice Chair & Managing Director of the Emirates Growth Fund, and was witnessed by H.E. Dr. Ahmad Belhoul Al Falasi, Minister of Sports and Chairman of the Emirates Growth Fund . H.E. Omar Al Suwaidi said: 'This MoU lays the foundation for deeper collaboration to unlock value across priority sectors and support the UAE's economic transformation. EGF is a key partner in realizing our national industrialization vision.' H.E. Najla Al Midfa said: 'This partnership reflects a national ambition to build a stronger industrial future led by homegrown champions. EGF exists to back these businesses with more than capital: we offer partnership, guidance, and long-term belief in their potential.' EGF was launched at Make it in the Emirates 2025 where fund leaders will also announce its first investment in the healthcare sector. EGF aims to help bridge a AED7 billion funding gap for UAE-based SMEs that have moved beyond early-stage funding but require long-term, flexible capital to scale. EGF supports national champions in priority sectors and works in line with the objectives of Operation 300bn. -Ends- About the Ministry of Industry and Advanced Technology (MoIAT) About the Ministry of Industry and Advanced Technology (MoIAT): The UAE Ministry of Industry and Advanced Technology (MoIAT) was established in July 2020 to drive the country's industrial development and promote the adoption of advanced technologies across priority sectors. MoIAT leads the implementation of Operation 300bn, the UAE's national industrial strategy, which aims to increase the industrial sector's contribution to GDP to AED 300 billion by 2031. Through enabling policies, strategic partnerships, and innovation-led programs, the Ministry plays a central role in supporting economic diversification, enhancing national resilience, and fostering sustainable industrial growth. About Emirates Growth Fund Emirates Growth Fund (EGF) is a dedicated AED 1 billion growth equity fund established to accelerate the scale and impact of UAE-based small and medium enterprises (SMEs) operating in critical sectors. Backed by Emirates Development Bank (EDB), EGF provides flexible, patient capital and active strategic support to help high-potential businesses grow sustainably, innovate with purpose, and contribute to the UAE's long-term economic resilience and diversification. EGF focuses exclusively on UAE-headquartered SMEs in priority sectors, including manufacturing, food security, healthcare, and advanced technology. For more details, visit [ For more information, please contact: Hind Ahli / Meera Alrahma Emirates Development Bank /
Hi Dubai
20-05-2025
- Business
- Hi Dubai
Emirates Development Bank Launches AED 1 Billion Fund to Boost UAE SMEs
Emirates Development Bank (EDB) has launched the Emirates Growth Fund (EGF), a AED 1 billion equity platform aimed at accelerating the growth and global competitiveness of UAE-based small and medium-sized enterprises (SMEs). Announced at the Make it in the Emirates Forum, the fund targets high-potential SMEs in strategic sectors including Manufacturing, Food Security, Healthcare, and Advanced Technology. EGF offers patient capital and strategic support to businesses with revenues starting from AED 10 million, providing investments between AED 10 million and AED 50 million per company. Designed to address the funding gap for companies that have outgrown venture capital but aren't yet ready for traditional private equity, EGF combines minority equity stakes with hands-on value creation. The fund focuses on helping founders scale sustainably, enhance governance, and build resilient national champions. The initiative supports the UAE's Operation 300bn strategy, which aims to raise the industrial sector's contribution to GDP to AED 300 billion by 2031. Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology and Chairman of EDB, described the fund as a 'bold, future-focused step' that will strengthen industrial competitiveness and supply chain resilience. EGF is chaired by Dr. Ahmad Belhoul Al Falasi, UAE Minister of Sports, with Najla Ahmed Al Midfa serving as Vice Chair and Managing Director. The board includes leaders from across the public and private sectors. In its first move, the fund announced an investment in Tarmeem Healthcare Holding LTD, marking the beginning of a portfolio designed to deliver measurable national impact. EGF is positioned to play a key role in shaping the UAE's next economic chapter by empowering SMEs that drive innovation, job creation, and long-term growth. News Source: Emirates News Agency
Fintech News ME
20-05-2025
- Business
- Fintech News ME
Emirates Development Bank Launches AED 1 Billion Fund to Support UAE SMEs
Emirates Development Bank has launched the Emirates Growth Fund (EGF), a AED 1 billion growth equity platform aimed at supporting the expansion and competitiveness of SMEs based in the UAE. The fund was introduced during the fourth edition of the Make it in the Emirates Forum. It is designed to provide long-term capital and strategic support to high-potential businesses operating in sectors such as manufacturing, food security, healthcare, and advanced technology. The initiative forms part of the country's broader Operation 300bn strategy, which seeks to increase the contribution of the industrial sector to AED 300 billion by 2031. The Emirates Growth Fund is intended for UAE-based SMEs with annual revenues starting at AED 10 million. Individual investments will range between AED 10 million and AED 50 million. The fund is focused on companies that have moved beyond the early funding stage but require flexible and sustained support to scale. It will take minority equity positions and work closely with businesses to strengthen governance, improve operations, and support long-term growth, while allowing founders to maintain control. The aim is to help build companies that contribute meaningfully to national economic development. The fund is chaired by Ahmad Belhoul Al Falasi, Minister of Sports, with Najla Ahmed Al Midfa serving as vice chair and managing director. Board members include Mariam Saeed Ghobash, Mohammed Huraimel Al Shamsi, Khalfan Juma Belhoul, Hassan AlSayegh, and Stephen Welton. Sultan Al Jaber, Minister of Industry and Advanced Technology and chairman of Emirates Development Bank, said the fund reflects the UAE's goal of enhancing its industrial sector and strengthening its position as a global investment destination for industry and technology. He stated: 'The launch of the Emirates Growth Fund is a bold, future-focused step that provides UAE-based growth-stage companies with the capital, expertise, and strategic support needed to scale and lead in the industrial sector. It supports the advancement of priority sectors, enhances industrial competitiveness, and strengthens supply chain resilience and national self-sufficiency.' Commenting on the fund's structure, Ahmad Belhoul Al Falasi said: 'EGF is designed to address the critical 'missing middle' in SME funding. These are companies that are too advanced for venture capital, too entrepreneurial for traditional private equity, but too important to ignore. Our goal is to partner with scalable businesses that drive industrial capacity, create jobs, and deliver lasting economic value.' The fund will focus on active minority investments, offering strategic input on governance, operational improvement, and institutional growth. The aim is to strengthen the UAE's industrial capabilities, enhance local supply chains, and contribute to skilled job creation. EGF has already made its first investment in the healthcare sector, partnering with Tarmeem Healthcare Holding.
Zawya
20-05-2025
- Business
- Zawya
Emirates Development Bank launches $272mln Emirates Growth Fund to accelerate growth of UAE-based SMEs
ABU DHABI: Emirates Development Bank (EDB) today announced the launch of the Emirates Growth Fund (EGF), a transformative AED 1 billion growth equity platform designed to accelerate the scale, resilience, and global competitiveness of UAE-based SMEs. Officially unveiled at the fourth edition of Make it in the Emirates Forum, EGF delivers patient capital and deep strategic partnership to high-potential businesses across priority sectors: Manufacturing, Food Security, Healthcare, and Advanced Technology. The fund plays a pivotal role in driving the UAE's industrial transformation and advancing the goals of Operation 300bn, the national strategy to raise the industrial sector's GDP contribution to AED 300 billion by 2031. Emirates Growth Fund targets UAE-based small and medium-sized enterprises (SMEs) with strong growth potential and annual revenues typically starting from AED 10 million. The Fund's investments range between AED 10 million and AED 50 million per company. EGF redefines growth capital for UAE SMEs, targeting companies that have outgrown early-stage funding but require flexible, long-term investment to unlock their full potential. By combining minority equity stakes with active value creation, EGF empowers founders to scale sustainably, strengthen governance, and build national champions that will shape the UAE's economic future. The Fund is chaired by Ahmad Belhoul Al Falasi, UAE Minister of Sports, with Najla Ahmed Al Midfa serving as Vice Chair and Managing Director. The EGF Board also includes Ms. Mariam Saeed Ghobash, Mr. Mohammed Huraimel Al Shamsi, Khalfan Juma Belhoul, Mr. Hassan AlSayegh, and Mr. Stephen Welton. Commenting on the launch, Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology and Chairman of Emirates Development Bank, stated: 'In line with the vision and directives of the UAE's leadership to enable a transformative leap in our national industrial sector, increase its contribution to GDP, and strengthen the UAE's position as a competitive and reliable destination for industrial and technological investment, Emirates Development Bank remains committed to advancing a future built on resilience and self-sufficiency.' He added 'The launch of the Emirates Growth Fund is a bold, future-focused step that provides UAE-based growth-stage companies with the capital, expertise, and strategic support needed to scale and lead in the industrial sector. It supports the advancement of priority sectors, enhances industrial competitiveness, and strengthens supply chain resilience and national self-sufficiency. We are confident that this Fund will be a true enabler for ambitious companies—serving as a strategic investment in the UAE's long-term growth and prosperity, and reinforcing its position as a global leader in industrial innovation.' Highlighting EGF's strategic focus, Dr. Ahmad Belhoul Al Falasi, Chairman of the Emirates Growth Fund and UAE Minister of Sports, added: 'EGF is designed to address the critical 'missing middle' in SME funding. These are companies that are too advanced for venture capital, too entrepreneurial for traditional private equity, but too important to ignore. Our goal is to partner with scalable businesses that drive industrial capacity, create jobs, and deliver lasting economic value. Through patient capital and active support, we are strengthening the foundation of the UAE's next economic era.' Reflecting on EGF's commitment to founder-led growth and national impact, Najla Ahmed Al Midfa, Vice Chair and Managing Director, noted: 'At EGF, our capital is patient, but our ambitions are not. We are here to back UAE founders who are building resilient, future-ready businesses. Through EGF, we are not just writing cheques, we are building in the next generation of UAE economic champions.' EGF targets UAE-headquartered SMEs with strong growth potential, typically generating AED 10 million or more in annual revenue, and invests between AED 10 and 50 million per company. The fund's approach centres on active minority investments, ensuring that founders retain operational control while gaining strategic support in areas such as governance, growth strategy, operational optimization, and institutionalization. By focusing on priority sectors aligned with the UAE's strategic goals, EGF is set to deepen the nation's industrial base, enhance local supply chains, and stimulate high-skilled job creation, all critical pillars of long-term economic resilience. Signalling immediate momentum, EGF unveiled its first investment in the healthcare sector through a partnership with Tarmeem Healthcare Holding LTD, marking the start of a portfolio aimed at delivering measurable impact and national value.
